RE:RE:RE:I hate you Namaste!!!!I would stay out of the penny stocks to begin. its a common new investor mistake. because it is cheaper does not make it a good choice for new investors. (disclaimer, I am relatively new to individual stocks too - 2 years).
Penny stocks are pennies for a reason. There has been less development (the list goes on)....
The volatility is much greater witih pennies as well. Finding the gem is what we all want to do. Getting the better of volatility is eveyrones dream.
I obviously wont tell you to dump Namaste because I think it has a decent mid term future. However, for more 'guaranteed' gains, I would go with something with a bigger market cap for my first stock. Also, don't put all of your eggs in one basket. When you do decide which company(ies) you want to buy most of your portfolio with, don't pour all your money in at once. Trade in chunks but take your comission charges into consideration.
i.e. on a 45 Dollar stock, with a range of no more than +- 5 dollar fluctuation in a year, you might go nuts buying if it drops to 41-42. Depending on the company situation, sector momentum, news, and many other metrics - you could find yourself at $35, with no more money left to average down with. Now you hold the bag..... .I am just speaking basic mistakes , none of which I haven't made myself.