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Timothy Sykes is a penny stock trader and blogger [1] [2] who self-reported trading profits of $1.65 million from a $12,415 Bar mitzvah gift through day trading while in college. [ 3 ] [ 4 ] He runs a blog and subscription platform whose aim is to teach about how to trade penny stocks.
Penny stocks are common shares of small public companies that trade for less than five dollars per share. [1] The U.S. Securities and Exchange Commission (SEC) uses the term "Penny stock" to refer to a security, a financial instrument which represents a given financial value, issued by small public companies that trade at less than $5 per share.
A few penny stocks may have legitimately high potential, but the vast majority of stocks are trading so cheaply because they’re terrible businesses or simply fraudulent.
Robert Emmet Brennan (born 1944) is an American businessman and former accountant who built the infamous penny stock brokerage firm, First Jersey Securities. The firm specialized in promoting penny stocks to unsuspecting investors, many of them elderly, who lost their entire investments when the stocks inevitably crashed.
Penny stocks can be a good alternative for traders who lack the capital to make more substantial investments. Although they involve a higher risk than other options, stumbling upon a hidden gem is ...
The Pink Sheets and over-the-counter markets are where sketchy penny stocks live. Do yourself a favor and stick to stocks on major U.S. exchanges -- preferably ones with market caps of more than ...