RE:RE:RE:PHM Stock Picker's GraveyardHi register.The truth is that a penny stock analyst cannot be trusted.And unfortunately many companies on this exchange cannot be trusted either.They are penny stocks for a reason.I agree with Leo that they are a gamble.But thats why I play them..I love to gamble. I look at things this way...most of my investing money goes into safer havens..banks, pipelines,.utilities ,big oil,lifecos..but they can be boring and the one thing about any of them is that none of them can realise gains of ..say a couple thousand % but these gambling stocks can.So to answer your question about analysts...I listen to a couple of them..but only if they have their own money in the said company.
To finish I observed long ago that we tend to hang onto a favourable opinion on a stock we own...and feel good about owning it....but tend to brush aside critisism and ignore negative commentary.
That makes for a dangerous way to invest...but we are all guilty of it..arent we?