RE: scared but learningfirst time buyer? K here goes; free advice > worth what you paid for it.
Your single most important tool with penny stocks is the insider trading reports.
It is all about promotion, raising cash, listening to the same old story always with a new angle. Once in a while a real company comes along, with things like earnings or a real shot at becoming something but to tell it apart from the bull that is out there you need your own barometer. To me the only one I trust is the insider trading reports... And remember never invest in a pennystock money that you can't afford to loose
I have a good stake in ET but it has already doubled so it is a little late in the day to buy this one.
A good one to look at with lots of insiders buying is Searchgold (RSG.V) on the Canadian Venture exchange. AAV on the venture exchange has also seen a lot of insider trading going on (big amounts on the public market). I mentioned STL before when it dropped down to 0.12 It seems to be back up to the 0.16 mark though. I will trade out at 0.18 to 0.19 but would be happy to buy more at 0.12; Insiders were buying at 0.16 to 0.17. (Also good technology).