PennyStocks.com Review – Is it a scam?
Penny Stocks of PennyStocks.com is a penny stock alert website. It regularly sends web users with free newsletters to alert them of penny stocks that are said to have the potential to soar in value. The website claims that it carefully chooses the penny stocks based on their criteria: the stocks’ short and long term growth potential, the company’s growth potential and their products, and the company’s sector of operation.
PennyStocks.com further claims that the stocks they include in their newsletters can make a gain of over 1,000%. What’s more, the site added that if you have been following their alerts from the beginning of their newsletters, your gains could have reached over 40,000%.
More about PennyStocks.com
If you’re going to read the the Disclaimer and FAQ sections of the site, you will find out that it’s really not an investment company. It is a marketing and advertising company paid to promote certain stocks. Therefore, the site doesn’t use impartial judgment when choosing these stocks.
PennyStocks.com is just among the many advertising sites that promote certain penny stocks or those stocks sold under $5. Most of these stocks are sold at $1 per share. Because these stocks are inexpensive, it can be easily manipulated. One company could buy hundreds of shares, causing a surge in the cost of the stocks. This company will then urge you to buy their stocks. If you give in, the company could trick you by selling the shares and walking away with the profit which leaves you with stock shares that have less value (stock price would tend to go down with this).
Final thoughts on PennyStocks.com
With the way it works and with the fact that it isn’t really an investment company, PennyStocks.com doesn’t seem to be a reliable site where you can look for potential stocks to invest on. It’s better that you put your money in more profitable investment vehicle than on these penny stocks or better find time to look for a reputable investment company that can guide you in choosing the right penny stocks to invest on.
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