Like the tempting Google search engine option, if you’re feeling lucky, you may want to try your hand at some penny stocks which possibly feature strong upside catalysts. This speculative investment category involves betting on companies whose share prices are significantly deflated. As a result, should they swing higher, they often do so robustly — leading to incredible gains.
At the same time, I do need to provide serious disclaimers: penny stocks necessarily have low probabilities of success. Essentially, there are too many of them and their share prices are deflated for a reason.
Still, what keeps people interested in penny stocks is that at some point, many of the current blue chips were once struggling enterprises. There’s always a chance that you can strike it rich on the next Amazon (NASDAQ:AMZN) or Microsoft (NASDAQ:MSFT).
So, as long as you have the right mindset — as in, only wager loose pocket change — these intriguing penny stocks might be worth your time.
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