Not really, Market upside down. With the uncertain
Post# of 22753
$PTIE
Newsmaking Penny Stock: Investors Checking Out Pain Therapeutics Inc. (NASDAQTIE)
October 25, 2016 Gregory Miller
Investors in penny stocks are showing interest in shares of Pain Therapeutics Inc. (NASDAQTIE) after the price changed 1.29% and reached a price of $0.70 after a recent trading session.
A big advantage of investing in small-cap stocks is that there is an opportunity to beat the institutional investors. Mutual funds have restrictions limiting their power to buy up large portions of any one company’s outstanding shares. The stock is -17.57% away from the 20-Day Simple Moving Average. Their 50-Day Simple Moving Average is a difference of -61.35% from current levels. Further back, their 200-Day Simple Moving Average is -66.16% difference from today’s price. As we stand today, the stock is -76.70% from its 50-Day High and 14.57% from the 50-day low.
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Pain Therapeutics Inc.’s stock has performed at -60.57%. Breaking that down further, it has performed 5.33% for the week, -74.73% for the month, -74.25% over the last quarter, -72.83% for the past half-year and -63.10% for this last year.
As with any stock market transaction, the first step in investing in penny stocks is to get money. One of the most significant traits of penny stocks is that they are extremely volatile and move very quickly. Penny stocks are primarily stocks of small cap companies that can be vulnerable to stock market sentiments and industry changes.
Though penny stocks are generally considered to be risky, a trader can make a huge amount of money with them in a short period of time, as opposed to bigger, so-called “blue chip” stocks and mutual funds, which require a long-term approach.
Needless to say, penny stock investing is not for the weak of heart, and only “play money” or non-essential disposible income should be invested in this kind of market.
In no way are penny stocks considered to be conservative investments and people who play them must be willing and able to take risks with their investment money. Penny stock investers must be prepared to lose their entire investment sometimes. Penny stocks move fast in both directions, including massive upticks or downticks in a matter of hours or less.
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Potential penny stock investors must educate themselves first to gain knowledge of the market. They must also conduct intense research into any company they might want to put their money into. An education can start by subscribing to a penny stock newsletter which provides informative penny stock suggestions.
Knowing as much as you can about the penny stock world is extremely important if you want to make money in trading.
It is highly recommended that you wade in toes first with a small amount of money to lessen the risk should you incur a loss.
Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.
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