Indices are all stuck at their lowest levels of the day. The vix has also sold off into the $13.71 range. Despite oil backing off of the $89 per barrel price, the dollar Index remains above 104.5. Crypto has bounced 1,000 points and Bitcoin is trading at 26,200. Could this be the Calm before the storm?
What do you think about penny stocks?
I honestly don’t know. Many penny stocks are scams, and very few are able to produce a return. Crypto currencies are kind of like penny stocks in a way. None of them are regulated and its like the wild wild west. Sure there is a potential to hit a home run but its very hard, most of these investments become strike outs. Tim Sykes is a famous trader who bets against penny stocks, by short selling them. it does take some money to do that and a lot of discipline and patience, but that is the only way to really trade them is to bet on their demise. http://WWW.timsykes.com