Introducing Penny Stocks Book: Penny Stock Investing for Beginners

Released by: Dick McIver

Web Site: http://www.pennystocksbook.com/

The world penny stock investing can be confusing. Penny Stocks Book gives readers tips to help.

Email: jmciver@nd.edu

Update Date: 4/27/2005 10:35:44 PM

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Descrption:
The world of penny stocks can be confusing. There are many companies in which to invest, yet little information is available about these companies. Further, the information that is available is often conflicting.

Dick McIver has announced his new blog, Penny Stocks Book ( http://www.pennystocksbook.com ). The blog is intended to give news and information about penny stocks which will be helpful to the average investor.

When asked about his motivation for making the site, Dick said, "I'm not some sort of investing god. Reading my blog won't make you a millionaire. But there are a lot of scams out there--my hope is to give people information to see through these, and possibly pick out the diamonds from the pink sheet 'rough'."

While advanced penny stock trading takes a significant amount of research and know-how, there are some very elementary basics that every trader must acquaint themselves with. Assuming you have decided you would like to invest in penny stocks, the first thing you must do, prior even to looking at the financial information, is examine the share structure and distribution of shares of a particular stock. You can almost immediately strike from your list of potential stocks any that indicate a highly disproportionate number of shares held in a single offshore account. For example, if you see that millions of shares are being held for less than a penny in a single offshore account, you can rest assured that as soon as you invest in the stock, there will be some extremely heavy selling. So much so in fact, that as soon as the stock price begins to move upward, buyers on the short will pull the rug out from under you and your shares will become literally worthless. Instead, look for a stock whose distribution indicates a wider body of holders.

There are many more things a new investor needs to know to avoid losing their money. Penny Stocks Book will not give every reader the strategy to make fabulous riches. Instead, it can help readers avoid obvious mistakes, so they will have a running start.

Learn more at http://www.pennystocksbook.com , or check new picks at http://www.pennystocksbook.com/picks/index.html .