Comments on: Success With Penny Stocks of Canadian Gold Mining Companies http://www.getmoneyenergy.com/2009/09/success-with-penny-stocks-of-canadian-gold-mining-companies/ DRIP Investing for Dividend Growth, Cashflow and Financial Freedom Fri, 19 Mar 2010 01:20:48 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: MoneyEnergy http://www.getmoneyenergy.com/2009/09/success-with-penny-stocks-of-canadian-gold-mining-companies/comment-page-1/#comment-2807 MoneyEnergy Thu, 17 Sep 2009 02:23:30 +0000 http://www.getmoneyenergy.com/?p=2130#comment-2807 well, congrats on making some money with that. Aside from my one mining stock flop, I've never invested in penny stocks just for the sake of it. In fact, alot of companies will do share buybacks when their stock closes lower than a buck just because of the public/analyst perception/stigma attached to being a "penny stock." The company and value remain the same, but the share price just ends up looking higher. So I'd say to others, be sure to check valuations! Maybe your stock is still just "worth pennies..." well, congrats on making some money with that. Aside from my one mining stock flop, I’ve never invested in penny stocks just for the sake of it. In fact, alot of companies will do share buybacks when their stock closes lower than a buck just because of the public/analyst perception/stigma attached to being a “penny stock.” The company and value remain the same, but the share price just ends up looking higher. So I’d say to others, be sure to check valuations! Maybe your stock is still just “worth pennies…”

]]> By: Kelly @ On the Road to $1M http://www.getmoneyenergy.com/2009/09/success-with-penny-stocks-of-canadian-gold-mining-companies/comment-page-1/#comment-2805 Kelly @ On the Road to $1M Wed, 16 Sep 2009 23:00:26 +0000 http://www.getmoneyenergy.com/?p=2130#comment-2805 I love penny stocks, and have had some luck with some of them, although of course not always. I agree with you that they're not inherently more risky than those priced over $1. Before buying penny stocks, I always research the company very carefully, so as to at least make sure that I'm investing in something with potential. My favourite penny stock lately was SAY, which bottomed in Januray at $0.98 and is currently trading at $6.65. I didn't get to buy it at the bottom -for me it wasn't actually a penny stock, because I bought it at more than $1.00-, but I was close. I've never invested into mining stocks, but I'll be following them carefully from now on. Great post, as always! I love penny stocks, and have had some luck with some of them, although of course not always. I agree with you that they’re not inherently more risky than those priced over $1. Before buying penny stocks, I always research the company very carefully, so as to at least make sure that I’m investing in something with potential. My favourite penny stock lately was SAY, which bottomed in Januray at $0.98 and is currently trading at $6.65. I didn’t get to buy it at the bottom -for me it wasn’t actually a penny stock, because I bought it at more than $1.00-, but I was close.

I’ve never invested into mining stocks, but I’ll be following them carefully from now on. Great post, as always!

]]>