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Penny stocks are low-cost equities that often make large price moves, potentially leading to big gains--or losses--for investors. Penny Stocks For Dummies will help you determine whether this wild ride is right for you. With this hands-on guide, you can grasp the basics, find smart investments, avoid scams, and look for big success, even if you only have pocket change to start out with.
This latest edition takes you right into today's unique penny stock market. You'll learn how to read penny stock charts, evaluate the strength of small companies, recognize price manipulations, and use smart trading strategies to maximize your returns. Buying and selling penny stocks can be extremely lucrative--if you know exactly what you're doing. This book will make a penny trader out of you, so you can start making money for the future. (Heads up: you're going to need a bigger piggy bank!)
With Penny Stocks For Dummies, you will:
* Find out whether penny stocks are a good fit for your investment goals, available capital, and risk tolerance
* Do your due diligence and learn how to research potential penny stock investments
* Use fundamental analysis, financial ratios, and penny-specific technical analysis to identify winning bets
* Uncover expert tips that will boost your results and help prevent big losses
Penny Stocks For Dummies will give you the knowledge and confidence you need to get in on the ground floor and discover those hidden gems for high rewards.
Penny stocks are low-cost equities that often make large price moves, potentially leading to big gains--or losses--for investors. Penny Stocks For Dummies will help you determine whether this wild ride is right for you. With this hands-on guide, you can grasp the basics, find smart investments, avoid scams, and look for big success, even if you only have pocket change to start out with.
This latest edition takes you right into today's unique penny stock market. You'll learn how to read penny stock charts, evaluate the strength of small companies, recognize price manipulations, and use smart trading strategies to maximize your returns. Buying and selling penny stocks can be extremely lucrative--if you know exactly what you're doing. This book will make a penny trader out of you, so you can start making money for the future. (Heads up: you're going to need a bigger piggy bank!)
With Penny Stocks For Dummies, you will:
* Find out whether penny stocks are a good fit for your investment goals, available capital, and risk tolerance
* Do your due diligence and learn how to research potential penny stock investments
* Use fundamental analysis, financial ratios, and penny-specific technical analysis to identify winning bets
* Uncover expert tips that will boost your results and help prevent big losses
Penny Stocks For Dummies will give you the knowledge and confidence you need to get in on the ground floor and discover those hidden gems for high rewards.
Peter Leeds, also known as The Penny Stock Professional, is the publisher of Peter Leeds Penny Stocks, a popular financial publication with over 50,000 subscribers. He is also the author of Invest in Penny Stocks.
Introduction 1
About This Book 1
Foolish Assumptions 2
Icons Used in This Book 3
Beyond the Book 4
Where to Go from Here 4
Part 1: Getting Started with Penny Stocks 5
Chapter 1: Getting to Know Penny Stocks 7
A Big, Fat, "Tiny" Penny Stock Summary 8
Defining Penny Stocks 9
Price per share 10
Market capitalization 10
Stock market 10
Mix and match 11
Why does it matter? 11
Comparing Penny Stocks to Their Blue-Chip Cousins 13
Volatility and speed 14
Safety and risk 14
Investor following and visibility 15
Larger stones take more force to move 16
Chapter 2: Deciding If Penny Stocks Are Right for You 19
Gauging the Popularity of Penny Stocks 20
A high risk/reward ratio 20
Limited funds 22
Risky misconceptions 22
Taking Stock of the Big Business of Penny Stocks 23
You're not alone 23
Room to grow 24
Making Sense of What You've Heard (Much of Which is True!) 25
Penny stocks represent low-quality companies 25
Penny stocks are subject to price manipulation scams 26
Trading penny stocks is a game of chance 26
Making a Fast Million Not! 27
Penny stocks appeal to the impatient 27
Newer investors gravitate to penny stocks 28
Penny stocks appeal to smaller portfolios 29
Being Honest with Yourself: Are Penny Stocks Right For You? 29
Chapter 3: Buying and Selling Penny Stocks 31
The Ins and Outs of the Stock Market 32
Factors influencing which exchange a company lists on 32
A who's who of stock exchanges 34
Issuing Shares 37
Diluting a good thing 38
How dilution affects investors 39
When new share issues are a good thing 40
When new share issues are not a good thing 41
Stock Buybacks 42
Acquisitions and Takeovers 43
Why penny stock companies are frequently bought 45
Resisting a takeover 46
Understanding which companies are takeover targets 46
Being the buyer 48
Mergers and Amalgamations 49
Stock splits and reverse splits 50
Why you don't see splits in low-priced shares 51
Why reverse splits are common in penny stocks 51
Bankruptcies 52
Chapter 4: Avoiding Promotions, Scams, and Bribes 53
Why Penny Stocks Are Perfect for Price Manipulation 53
Who is Moving the Price? 57
Promoters 58
Investor or public relations 58
The touter 59
The advisor 59
Rooting Out Poor Quality Companies 60
A good story 60
Financially broken 61
Weak business model 61
Swimming against the trend 62
The 2-pound gorilla 62
Obstacles That Even High-Quality Companies Face 63
Lawsuits 65
Lost customers 66
The 500-pound gorilla 67
Even the Good Can Die Young 67
Part 2: Research and Investment Strategies 69
Chapter 5: Developing a Strategy 71
Trading Risk Free without Using Real Money 72
Keeping it simple: What you need to get started 72
Setting your paper trading parameters 73
Some paper trading considerations 74
Tracking the success (or failure) of your paper trades 75
What You Need Before Your First Trade 76
Choosing a Great Broker 77
Penny-stock-friendly brokers 78
When to upgrade your broker 79
Types of Trading Orders 79
Bids, asks, and spreads 79
Limit orders 80
Market orders 81
Other types of orders 82
Characteristics of a Successful Penny Stock Trader 84
Investing Versus Trading 86
Investing in penny stocks 86
Trading in penny stocks 86
Chapter 6: Doing Your Research 89
Doing Your Due Diligence 90
Skimming the surface 90
Digging a little (or a lot) deeper 91
The Where's and How's of Research 92
Stock quotes 93
Trading charts 93
Stock screeners 95
Company financials 95
Press releases 96
Media outlets 97
Paid analysts 97
Investor relations 98
Penny stock newsletters 98
Message boards 100
Calling the Penny Stock Company 101
Be prepared before you dial 101
Questions to ask management or IR 102
Dead-end questions to avoid 104
How to interpret IR responses 104
Corporate and Analyst Guidance 105
Should you trust guidance issued by the company? 106
Following analyst guidance 107
Generating your own guidance data 107
How Expectations Drive Prices: Getting Baked in the Pie 108
Expectations are more important than results 108
Beating estimates 110
Missing guidance numbers 110
Penny Stocks Are Affected by Trends 111
Sector and industry trends 111
Trends in the overall market 113
Trends in consumer and social behavior 113
Market and Company Risk 115
Let the rising tide lift your boat 115
Investing against the current 116
Reacting to nonsystemic (company-specific) risk 117
Reacting to systemic (market) risk 117
Buying What You Understand: The Free and Instant Advantage 118
Chapter 7: Picking a Winner 121
Narrowing Your Choices 122
Your Elimination Criteria 122
Who Do You Trust? 124
Your number one ally: You 124
Considering the motives of others 125
Reviewing their track record 126
Paid advertisements: The wolf in sheep's clothing 126
Unreliable analysts 127
Stock Screeners 128
Choosing criteria to focus your search 128
Screening your screens: Getting even more focused 130
What stock screeners won't tell you 131
Choosing Penny Stocks Manually 132
Chapter 8: Penny Stock Manias 133
Wild Speculation and Investor Stampedes 134
Why manias affect penny stocks the most 135
The next stampede: It's just around the corner 136
Penny Stock Manias of the Past: Learning from Other People's Mistakes 137
Pot penny stocks 137
Bitcoin mania? 143
The dot-com bubble in penny stocks 150
Surviving and Profiting from Penny Stock Manias 153
Spotting the Next Mania 154
Why the next mania plays out 154
How the next mania plays out 155
Part 3: Trading Penny Stocks 157
Chapter 9: Trading Strategies 159
Scaling In and Scaling Out 160
Averaging Up Not Down 161
The many downsides of averaging down 161
The upsides of averaging up 163
Limiting Your Losses and Locking In Your Gains 163
Stop-loss orders 163
Position sizing 165
Diversification 166
Limit orders 167
Using only the best markets 167
Trading Windows 167
Timing Trades: When to Hold 'Em and When to Fold 'Em 168
Know when to take a profit 168
Know when to sell at a loss 169
Chapter 10: Fundamental Analysis 171
Financial Reports 172
The income statement 173
Balance sheet 174
The statement of cash flows 176
Numbers to Look for in Penny Stocks 179
Good numbers on the financial statements 180
Trends in financial results 184
Acting On Analysis 186
Management is Steering This Ship 187
Who's who at the helm 187
What have these managers done before? 188
The corporate commitment level 189
News Releases and Events 191
Press releases from the company 192
Coverage from third-party sources 192
The timing of milestone events 193
The Outlook for the Sector and Industry 194
Microeconomic influences 195
Macroeconomic influences 196
Keeping your macros and micros straight 197
Chapter 11: Financial Ratios: Comparing Apples to Apples 199
Leveling the Playing Field with Financial Ratios 200
Eliminating size as a factor 200
Comparing stocks across industries 201
The Five Categories of Financial Ratios 201
Liquidity Ratios 202
Current ratio 203
Quick ratio 203
Cash ratio 204
Operating cash flow 205
Activity Ratios 206
Inventory turnover 207
Receivables turnover 207
Payables turnover 208
Working capital turnover 209
Fixed asset turnover 209
Total asset turnover 210
Leverage Ratios 211
Debt ratio 211
Debt to equity 212
Interest coverage 212
Performance Ratios 213
Gross profit margin 214
Operating profit margin 215
Net profit margin 216
Return on assets 217
Return on equity 217
Valuation Ratios 218
Price to earnings 218
Price to earnings to growth rate ratio 220
Price to sales 220
Price to cash flow 221
Chapter 12: The Abstract Review in Penny Stocks 223
Making Products Meaningful with Branding 224
Why branding is more important with penny stocks 225
When branding is done well 226
Harnessing a Unique Selling Proposition 227
Ensuring Product or Service Acceptance 228
Market Share 229
How to find out the market share for a penny stock 230
Profit from changes in market share 230
Barriers to Entry 231
Gauging barriers to new competition 232
The best first movers are the small ones 232
Marketing Strategy and Results 234
Poor marketing is bottomless 234
Marketing is hard to track with penny stocks 235
Loyalty and Attrition 236
Customer turnover 237
Relative order sizes and frequencies...
| Erscheinungsjahr: | 2021 |
|---|---|
| Fachbereich: | Wirtschaftsratgeber |
| Genre: | Wirtschaft |
| Rubrik: | Recht & Wirtschaft |
| Medium: | Taschenbuch |
| Inhalt: | 368 S. |
| ISBN-13: | 9781119828860 |
| ISBN-10: | 1119828864 |
| Sprache: | Englisch |
| Herstellernummer: | 1W119828860 |
| Einband: | Kartoniert / Broschiert |
| Autor: | Leeds, Peter |
| Hersteller: | John Wiley & Sons Inc |
| Maße: | 233 x 186 x 21 mm |
| Von/Mit: | Peter Leeds |
| Erscheinungsdatum: | 18.11.2021 |
| Gewicht: | 0,508 kg |
Peter Leeds, also known as The Penny Stock Professional, is the publisher of Peter Leeds Penny Stocks, a popular financial publication with over 50,000 subscribers. He is also the author of Invest in Penny Stocks.
Introduction 1
About This Book 1
Foolish Assumptions 2
Icons Used in This Book 3
Beyond the Book 4
Where to Go from Here 4
Part 1: Getting Started with Penny Stocks 5
Chapter 1: Getting to Know Penny Stocks 7
A Big, Fat, "Tiny" Penny Stock Summary 8
Defining Penny Stocks 9
Price per share 10
Market capitalization 10
Stock market 10
Mix and match 11
Why does it matter? 11
Comparing Penny Stocks to Their Blue-Chip Cousins 13
Volatility and speed 14
Safety and risk 14
Investor following and visibility 15
Larger stones take more force to move 16
Chapter 2: Deciding If Penny Stocks Are Right for You 19
Gauging the Popularity of Penny Stocks 20
A high risk/reward ratio 20
Limited funds 22
Risky misconceptions 22
Taking Stock of the Big Business of Penny Stocks 23
You're not alone 23
Room to grow 24
Making Sense of What You've Heard (Much of Which is True!) 25
Penny stocks represent low-quality companies 25
Penny stocks are subject to price manipulation scams 26
Trading penny stocks is a game of chance 26
Making a Fast Million Not! 27
Penny stocks appeal to the impatient 27
Newer investors gravitate to penny stocks 28
Penny stocks appeal to smaller portfolios 29
Being Honest with Yourself: Are Penny Stocks Right For You? 29
Chapter 3: Buying and Selling Penny Stocks 31
The Ins and Outs of the Stock Market 32
Factors influencing which exchange a company lists on 32
A who's who of stock exchanges 34
Issuing Shares 37
Diluting a good thing 38
How dilution affects investors 39
When new share issues are a good thing 40
When new share issues are not a good thing 41
Stock Buybacks 42
Acquisitions and Takeovers 43
Why penny stock companies are frequently bought 45
Resisting a takeover 46
Understanding which companies are takeover targets 46
Being the buyer 48
Mergers and Amalgamations 49
Stock splits and reverse splits 50
Why you don't see splits in low-priced shares 51
Why reverse splits are common in penny stocks 51
Bankruptcies 52
Chapter 4: Avoiding Promotions, Scams, and Bribes 53
Why Penny Stocks Are Perfect for Price Manipulation 53
Who is Moving the Price? 57
Promoters 58
Investor or public relations 58
The touter 59
The advisor 59
Rooting Out Poor Quality Companies 60
A good story 60
Financially broken 61
Weak business model 61
Swimming against the trend 62
The 2-pound gorilla 62
Obstacles That Even High-Quality Companies Face 63
Lawsuits 65
Lost customers 66
The 500-pound gorilla 67
Even the Good Can Die Young 67
Part 2: Research and Investment Strategies 69
Chapter 5: Developing a Strategy 71
Trading Risk Free without Using Real Money 72
Keeping it simple: What you need to get started 72
Setting your paper trading parameters 73
Some paper trading considerations 74
Tracking the success (or failure) of your paper trades 75
What You Need Before Your First Trade 76
Choosing a Great Broker 77
Penny-stock-friendly brokers 78
When to upgrade your broker 79
Types of Trading Orders 79
Bids, asks, and spreads 79
Limit orders 80
Market orders 81
Other types of orders 82
Characteristics of a Successful Penny Stock Trader 84
Investing Versus Trading 86
Investing in penny stocks 86
Trading in penny stocks 86
Chapter 6: Doing Your Research 89
Doing Your Due Diligence 90
Skimming the surface 90
Digging a little (or a lot) deeper 91
The Where's and How's of Research 92
Stock quotes 93
Trading charts 93
Stock screeners 95
Company financials 95
Press releases 96
Media outlets 97
Paid analysts 97
Investor relations 98
Penny stock newsletters 98
Message boards 100
Calling the Penny Stock Company 101
Be prepared before you dial 101
Questions to ask management or IR 102
Dead-end questions to avoid 104
How to interpret IR responses 104
Corporate and Analyst Guidance 105
Should you trust guidance issued by the company? 106
Following analyst guidance 107
Generating your own guidance data 107
How Expectations Drive Prices: Getting Baked in the Pie 108
Expectations are more important than results 108
Beating estimates 110
Missing guidance numbers 110
Penny Stocks Are Affected by Trends 111
Sector and industry trends 111
Trends in the overall market 113
Trends in consumer and social behavior 113
Market and Company Risk 115
Let the rising tide lift your boat 115
Investing against the current 116
Reacting to nonsystemic (company-specific) risk 117
Reacting to systemic (market) risk 117
Buying What You Understand: The Free and Instant Advantage 118
Chapter 7: Picking a Winner 121
Narrowing Your Choices 122
Your Elimination Criteria 122
Who Do You Trust? 124
Your number one ally: You 124
Considering the motives of others 125
Reviewing their track record 126
Paid advertisements: The wolf in sheep's clothing 126
Unreliable analysts 127
Stock Screeners 128
Choosing criteria to focus your search 128
Screening your screens: Getting even more focused 130
What stock screeners won't tell you 131
Choosing Penny Stocks Manually 132
Chapter 8: Penny Stock Manias 133
Wild Speculation and Investor Stampedes 134
Why manias affect penny stocks the most 135
The next stampede: It's just around the corner 136
Penny Stock Manias of the Past: Learning from Other People's Mistakes 137
Pot penny stocks 137
Bitcoin mania? 143
The dot-com bubble in penny stocks 150
Surviving and Profiting from Penny Stock Manias 153
Spotting the Next Mania 154
Why the next mania plays out 154
How the next mania plays out 155
Part 3: Trading Penny Stocks 157
Chapter 9: Trading Strategies 159
Scaling In and Scaling Out 160
Averaging Up Not Down 161
The many downsides of averaging down 161
The upsides of averaging up 163
Limiting Your Losses and Locking In Your Gains 163
Stop-loss orders 163
Position sizing 165
Diversification 166
Limit orders 167
Using only the best markets 167
Trading Windows 167
Timing Trades: When to Hold 'Em and When to Fold 'Em 168
Know when to take a profit 168
Know when to sell at a loss 169
Chapter 10: Fundamental Analysis 171
Financial Reports 172
The income statement 173
Balance sheet 174
The statement of cash flows 176
Numbers to Look for in Penny Stocks 179
Good numbers on the financial statements 180
Trends in financial results 184
Acting On Analysis 186
Management is Steering This Ship 187
Who's who at the helm 187
What have these managers done before? 188
The corporate commitment level 189
News Releases and Events 191
Press releases from the company 192
Coverage from third-party sources 192
The timing of milestone events 193
The Outlook for the Sector and Industry 194
Microeconomic influences 195
Macroeconomic influences 196
Keeping your macros and micros straight 197
Chapter 11: Financial Ratios: Comparing Apples to Apples 199
Leveling the Playing Field with Financial Ratios 200
Eliminating size as a factor 200
Comparing stocks across industries 201
The Five Categories of Financial Ratios 201
Liquidity Ratios 202
Current ratio 203
Quick ratio 203
Cash ratio 204
Operating cash flow 205
Activity Ratios 206
Inventory turnover 207
Receivables turnover 207
Payables turnover 208
Working capital turnover 209
Fixed asset turnover 209
Total asset turnover 210
Leverage Ratios 211
Debt ratio 211
Debt to equity 212
Interest coverage 212
Performance Ratios 213
Gross profit margin 214
Operating profit margin 215
Net profit margin 216
Return on assets 217
Return on equity 217
Valuation Ratios 218
Price to earnings 218
Price to earnings to growth rate ratio 220
Price to sales 220
Price to cash flow 221
Chapter 12: The Abstract Review in Penny Stocks 223
Making Products Meaningful with Branding 224
Why branding is more important with penny stocks 225
When branding is done well 226
Harnessing a Unique Selling Proposition 227
Ensuring Product or Service Acceptance 228
Market Share 229
How to find out the market share for a penny stock 230
Profit from changes in market share 230
Barriers to Entry 231
Gauging barriers to new competition 232
The best first movers are the small ones 232
Marketing Strategy and Results 234
Poor marketing is bottomless 234
Marketing is hard to track with penny stocks 235
Loyalty and Attrition 236
Customer turnover 237
Relative order sizes and frequencies...
| Erscheinungsjahr: | 2021 |
|---|---|
| Fachbereich: | Wirtschaftsratgeber |
| Genre: | Wirtschaft |
| Rubrik: | Recht & Wirtschaft |
| Medium: | Taschenbuch |
| Inhalt: | 368 S. |
| ISBN-13: | 9781119828860 |
| ISBN-10: | 1119828864 |
| Sprache: | Englisch |
| Herstellernummer: | 1W119828860 |
| Einband: | Kartoniert / Broschiert |
| Autor: | Leeds, Peter |
| Hersteller: | John Wiley & Sons Inc |
| Maße: | 233 x 186 x 21 mm |
| Von/Mit: | Peter Leeds |
| Erscheinungsdatum: | 18.11.2021 |
| Gewicht: | 0,508 kg |
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