pennystocks

Awesome Penny Stocks Reviews – Legit or Scam?

http://reviewopedia.com/workathome/awesome-penny-stocks-reviews-is-awesomepennystocks-com-a-scam/

AwesomePennyStocks.com is a website that offers a free subscription to an investment newsletter that targets the buying and selling of penny stocks. In exchange for simply supplying your email address, you will get a newsletter with stock recommendations that allegedly rise in cost on a regular basis, allowing you to earn payouts on your investment.

Penny stocks is a term used the market to reference stocks that trade for under $5.00. Awesome Penny Stocks generally seems to limit the stocks they investigate and promote to being those that actually trade at less than $1.00.

While it may seem hard to believe (or not so hard to believe, given the current financial situation in the US) that there are legitimate stocks being traded at less than $1.00 a share, it is true. Penny stocks are also called “micro cap equity” and have been around for a long time.
So is Awesome Penny Stocks a Scam?

It’s hard to say definitively whether Awesome Penny Stocks is a scam, but it is definitely dangerous. First of all, penny stocks are notoriously easy prey for price manipulation. This means that a company like Awesome Penny Stocks can purchase a large amount of potentially worthless stock, recommend it to their subscribers, who purchase the stock causing the price to rise, and then the company sells their stock, causing the the stock price to drop again.

This is a well established problem with companies that recommend penny stocks, even long before the Internet became the go-to investment guide.

Another serious problem with Awesome Penny Stocks is that they admit in their Disclaimer that they accept money from third party companies, and therefore admit to being biased when reviewing these companies. This means that Awesome Penny Stocks could be taking money from companies for the purpose of recommending their stock to their subscribers in order to bring up the price of their particular stock.

And if those problems aren’t warning enough, Awesome Penny Stocks also freely admits in their Disclaimer that no one who works for them actually has any sort of training or certification as far as investment advising is concerned. So really, if you were interested in penny stocks, you would be much better off researching and choosing them on your own, than taking a chance with a company that admits to taking money from companies who might wish to promote their own stock.
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Also I don't find anything with a google search with yahoofinance or msnbc (as they list these as sites which "have them in the news")

EDIT: And only because I'm bored and have time on my hands ;)
From their disclaimer:

http://www.awesomepennystocks.com/disclaimer.html

Neither AwesomePennyStocks.com, nor its employees and affiliates are registered as investment advisors or broker/dealers in any jurisdiction whatsoever.

The information contained herein is based on sources that we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data.
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EDIT v2.0

This is just hilarious/worrying!
AwesomePennyStocks.com received amounts from third party(ies) for publication of the information contained in this website, as follows: (a) $5,000 CAD from a third party for Recycle Tech Inc.

This compensation may constitute a conflict of interest as to AwesomePennyStocks.com’s ability to remain objective in our communication regarding the profiled company.
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Then how or why even have this site? :rolleyes:
 
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Some things to think about:

If their stock picks where so good, why would they be selling them to you?
Understand the difference between investing and gambling. If you know more about the game of poker than you do economics, then rather put your money on the poker table, at least you know what you are doing.
High return normally only comes with high risk. If you can take the loss, then take the chance.
 
OTCBB can be rewarding but your playing in dangerzone - don't follow site recommendations, follow the movers or news-feeds or chart scan ones that are breaking into new high's.
If your looking for an online trading solution take a look at MyTrack - they have a platform for trading,news feeds that you can filter by keyword/level II for pinks etc etc.
Unless things have changed you also need USD$25k in your account if you want to daytrade,which makes trading pennystock's even more dangerous to trade.
Think they let you daytrade 3 times/month & after that you get flagged.
Law that got put thru 10 year ago to stop the housewifes making 100k a year trading the Nasdaq whilst vaccuming the house.
 
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These sites are pathetic and if you tracked their predictions for a year you would see a massive loss. Seriously. The only people who win in Penny Stocks are the inside traders. Stay away.
 
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