Penny Dreadful Stocks

[brettdale]

Is there a good place where to get information on the best Penny Dreadful stocks in Australia? eg: discussion boards.

[sp3]

Just follow all the popular stocks on hotcopper:)

[AMR]

Oil and Gas weekly does a good review of junior oilers.

[brettdale]

Thanks for the info!

[suntboy]

I suppose if they were any good they wouldnt be penny dreadfuls LOL ( says me that bought Ady at 3 cents )
Check out ASU or LUM
I have always believed that BRO are a con and are purely manipulated to make money for their directors ..... but at .2 of 1 cent it would need only one of their calculated runs to make a good buck

Welcome to Suntland

[Huang Chung]

a penny dreadfuls that I'd consider for a punt.

RCH

[suntboy]

Sorry if I cr@p on (tryin to get 100 posts LOL ) and Sat nite , few beers etc but what is the definition of a penny dreadful? 1cent or 10 cents?

[brettdale]

Isnt it anything below ten cents???

Or is it ones at just a few cents???

I recently bought NSL at 3 cents and its now at 4.8

[drillfix]

I recently bought NSL at 3 cents and its now at 4.8


Depending on who is calling it a penny dreadful depends on what price they call it...lol

Meaning, a banker will call anything below $1 or $2 a penny stock in their terms.

But for the speculative punters anything around 10 cents or below 20 cents which is usually the standard IPO price/launch.

Just made a post on PRE (pacrim) tonight, looks like nobody has posted for a year on that stock.

To me a classic penny play with plenty of upside potential, as too with the many many many many penny stocks.

Somebody sometime, somewhere will hit the jackpot from either some or one of these.

plus as you pointed out, you bought in a 3 cents and now your up 50%, so its not all bad at that end of town for speculative punters~!

[tommy]

What da, I had always assumed that literally, penny dreadfuls would have to be dogs (or stocks perceived to be dogs) costing less than a penny!!

Then again, it would be rediculously hard to trade anything less than one penny (well, I suppose you can theoretically but I can guarantee you that it would be extremely illiquid!! Also imagine the number of zeros you would have to put up with!!) so that definition would be quite impractical. duh...

Hence one would have to settle with something more than a penny but less than 10 cents.

Having said that, options can be priced at less than a penny... do options count?

It is quite interesting how wide the scope of interpretation is... perhaps I am a stingy arXehole :-P

Thanx for enlightening me :-)

BTW, my favorite penny stock is GLX (7 cents, wow that is way above "penny", although GLXO is a bit more modest at 2.5c)

[tobo]

...definition of a penny dreadful? 1cent or 10 cents?

quick search reveals that there is not an absolute definition- it's usage ( and even the term varies, eg penny stocks) varies with location : US (SEC) focuses on sp (up to a few dollars) whereas UK takes into account Cap, ie small companies.
It seems to be commonly perjorative, but partly simply as a recogition of volatility given the circumstances of such companies.

So for kiwis the term can be defined by the way we use the term.
"Micro caps" seems so much more civil...:p

ToBo. Discl: quite a few micro caps including one dreadful one for which a microscope is required.

[STRAT]

Is there a good place where to get information on the best Penny Dreadful stocks in Australia? eg: discussion boards.Most of my watchlist :rolleyes:

Ive always thought of a penny hopeful as under 10 mill and with not much more than a pipe dream.

[absolut-advance]

"penny dreadful" stocks, a company with dirt-cheap shares attracting dreams of a big payoff.

The derivation of the term "penny dreadful" is not clear – in the 19th century it referred to a cheap, lurid novel.

http://en.wikipedia.org/wiki/Penny_dreadful

Renton's dictionary of stock exchange and investment terms describes it as: "A low-priced speculative share, usually in a company engaged in mineral or oil exploration".

There's no hard-and-fast limit to a penny dreadful's share price or market cap, but they are generally small.