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I am 57 years old, and I am completely new to investing in the stock market. I obtained my first computer just 6 months ago so I've had a lot to learn regarding how to surf the web, finding a broker, opening an e-mail account, funding my brokerage account, finding newsletters with good info. on stocks, etc. I'm a blue collar worker who has spent my life working as a factory worker with various companies, and construction work. My wife is Greek and in 1999 we moved to Greece to live. I found a job in a sheet metal factory, and worked there for 10 years. Last year I was laid off due to the economic crisis here, and with no prospects for other work, I decided to find out as much as I can about online trading. My wife
believes this is very risky, and I agree, so we decided to fund an account with a very small amount of money, ( 400 dollars ). I've subscribed to several newsletters,( whisper from wallstreet, small cap stock plays, best micro cap stock, penny stock insiders, penny stock research, and seeking alpha. ) My interest is in penny stocks because the share prices are affordable, and the possibility for good short or medium term returns seems attainable, if the stocks are chosen carefully and good reliable info. can be found . With such a small amount of money to start with, I don't have the luxury of waiting 5 to 10 years for decent returns. Seeking Alpha seems to me to be the most honest and reliable source for investing that I've seen so far. Many of the other newsletters seem to hype certain stocks, and the results that I've seen are mostly disappointing, with the stock going down after their alerts due to short selling or whatever. Anyway, I'll continue to get their newsletters for now just to see their alerts and watch their stock picks. I decided 3 weeks ago to split my money 3 ways and enter 3 small positions with 3 penny stocks. I bought 1500 shares of Abot mining Co. ( ABOT ), at .06 , it's now trading at .022, 104 shares of Juhl wind. (JUHL ) at .85, it's now trading at .80, and 45 shares of teamstaff ( TSTF ) now trading even at 2.00 per share. I'm hoping these companies are good picks, and with patience, will take off sometime this year for good returns. Anyway that's my brief bio. If anyone would like to comment on these stocks, or talk to me about investing in general, tips about penny stocks, etc. drop me a line either my inbox here or my email address ( firstname.lastname@example.org ). I can use all the help I can get. Thank You everyone .... Bud
Commodities, Dividend stock ideas & income, Energy stocks, Retirement savings, Stocks - long, Tech stocks
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