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Redabyss..Stocks under 50 cents

  1. croupier

    5,447 Posts.

    Redabyss,as I know you go back to the original crew of Hot Copper,and so do many others,do you think as I do that this year will be the YEAR of the penny dreadfulls of old.I think people will shy away from paying $30 + for shares in fear of surprise accounting or sudden write downs.Most of the bad news has already been digested by the lower priced stocks so any further shocks will be like plunging a knife into a corpse.However any good news will be pounced upon as the share price is low and seen as little risk.It will take hard work and investigation but the rewards should be good.Some may argue that it should be under $1 but maybe initially 50 cents will do.

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