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 Post Posted: Wed Jun 01, 2011 3:20 pm 
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Joined: Oct 28, 2009
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hello, excuse my ignorance but i am a complete newby to penny stocks. i have been considering getting into penny stocks for several reasons. however at times this seems to good to be true. i have been looking at a few stocks in particular. it seems to me like there is a catch. if i invest $2000 dollars in a stock that sells at $0.03 a share and it goes up to $0.06 a share i have just doubled my money. this does not seem right/legal/legit to me. i realize there is just as much a chance of it going the opposite way.

i have been looking at one stock in particular.
AUMY

dont ask why but it popped up while i was surfing the web for penny stocks and i just decided to watch it for a while.

when you invest in penny stocks, how much do you typically buy? do you move quite often as in every hour, or let it sit for a few days. obviously this is different from the tsp and i welcome the oppurtunity to have more control over my money.

any advice and help would be appreciated.

Thank you for your time.


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AGG (F Fund)
iShares Lehman Aggregate Bond (AGG)

S&P 500 (C Fund)
S&P 500 INDEX,RTH (^GSPC)

DWCPF (S Fund)
Dow Jones U.S. Completion Total Stock Market Index (^DWCPF)

EFA (I Fund)
iShares MSCI EAFE Index (EFA)