My 2 cents wrote:obiero wrote:My 2 cents wrote:Penny stocks can move double digit %s very easily. From 2 to 3 bob is a 50% gain. See also KPLC's move from 1.3 to a high of 1.9. Doesn't mean the fundamentals are great. How about Nairobi Business Ventures moves. Dont read too much in the movement of a penny stock's price.
Be ready to trade and leave alone emotions and theories
I dont trade. I buy and hold long term. So I like to focus on quality companies.
50% gain for larger caps is very rare. But 50% income gain is 50% income gain, whether earned via fish sales, penny stocks or real estate etc. I am a hybrid of trader and investor but leaning heavy on trader
COOP, IMH, KEGN, KQ, MTNU