I've noticed there are more sites offering free penny stock alerts than grains of sand on the beaches of North Carolina. Ok that was a joke but seriously, it is getting ridiculous. Unsuspecting penny stock newbies are being harmed by the biased advice of penny stock promoters. I want to link up an article I wrote so you can get some education as to how to handle these websites. Most are full of dung, but not all of them are sites you should ignore.
This article explains the different types of penny stock alerts and how they often pan out. Hint: it does not end up pretty for people who just take anyone's advice with regard to penny stock trading. It is in your best interest to do your own research, and the article linked in this paragraph should be where you start.
Just last week there was a flurry of hype amongst penny stock bloggers concerning the AWSR penny stock alerts sent by popular stock promoters. The hype died down by Friday afternoon after this promoter rescinded AWSR as an official pick. Such is the world of penny stocks.
Thursday, February 16, 2012
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