And will begin trading penny stocks! Well not entirely. This weekend, I took up a homework assignment by Timothy Sykes, of the penny stocking Sykes. His contest was a giveaway of his book, An American Hedge Fund, to the person with the most in-depth research on a penny stock, NT Holding (NTHH). After spending a couple of hours searching the internet, I posted a couple of responses as to what’s next with NTHH. You can find those comments here and a follow-up here. As a result, I won an autographed copy of his book wee! Thanks to Tim for his contest. Let’s see if NTHH really does follow a typical pump and dump scheme (which I think it will).
But no, I won’t give up my beloved options and futures. But who’s to say I can’t experiment with penny stocks in the future. It’s clear that they’re easily manipulated so why not capitalize off that?
In market news, futures are slightly up this morning. More than likely it’s going to be another snooze fest.