mini stocks

[dolphinslayer1]

let me start by saying that i am not very knowledgable on stocks or trading. but i am a gambler at heart and am looking for a somewhat safer way to gamble (if that makes any sense) as ive been chastised time and time again by a good friend and fatherly figure whom i adore to stop going to lake charles. :)

anyway with the market being in such a slump, ive been looking at some mini stocks like $.01 and $0.02 etc, and thinking about day trading them on one of the sites like sharbuilder (cuz i have an account but no money there) i was thinking of buying them for between $100 and $1000 and selling them when they doubled or trippled or what ever.

my question is what is the risk of buying these tiny stocks? what does it take for a penny stock to go to 0? would the company have to completely go under? or is there preventative to that?

also i know we're going to be in this bad slump for awhile with the democrats in control and all, but sooner or later it has to turn around so wouldnt sticking 1k or something in one of these penny stocks be somewhat of a sound long term investment, barring the going to zero scenario. any info or suggestions would be helpful.

james

[11andy11]

come on. Go back and read your post and ask yourself if that sounds like a good idea. If you put a couple of G into some penny stocks the potential is high that you could lose all your money. Can you double or triple your money? Sure. Are you going to do the research on those stock? I am not sure if you are looking for a gambling or investment opportunity. Theres alot of way undervalued blue chip stocks out there right now but the markets are pretty hairy. You might have better luck right now in LA.

[dolphinslayer1]

thank you for the response. im not too knowledgable in these matters (ill stick to fishing) just kinda wanted a sounding board for my mental masturbation