Stock Advice in Email - Good or Bad?
Since some of my earlier postings here, there has been this spam e-mail sent out that is trying to encourage the reader to invest in an OTC stock. Ever since I took a course affiliated with Michael Parness, and read his book titled “Trend Trading to Win", I have learned that many OTC stocks available are managed by people who are only looking to make a buck. They may even have ties to the mob. So an investment in one of these stocks is not a quality investment, unless you’re extremely sure about the company its for (i.e. you live next door to it, or have purchased its products and deal with them regularly).
So my advice is to ignore those stupid stock tips. These people are just trying to make a fast dollar off the unsuspecting public. Don’t open up one of those emails, then go into your Ameritrade account and start trading them. They may say that the stock is at a current price of 50 cents, and there’s a target price of $1 or more - this information isn’t coming from Forbes Magazine folks. Alot of these stock tips look like they were written by someone who barely knew English. Beware of these tips - they are nothing more than scams.