11 of 11 people found the following review helpful:
4.0 out of 5 stars
Finally! The market is put into easy to understand language, May 21, 2011
This review is from: Invest in Penny Stocks: A Guide to Profitable Trading (Hardcover)
I am new to investing in stocks and wanted to start with penny stocks to "cut my teeth" so to speak. Although I have invested in some penny stocks and made some money, I wish I would have been in possession of this book before I did.
Don't let the title fool you. This book's information can be applied to penny stocks and "big boy/girl" stocks. It is so plain and straightforward, I couldn't believe it. Things that I did not understand or even think about, Peter Leeds covered in great detail and thoroughly explained each step to investing. I have never read a financial-based book that has so much detail and balances the detail well through plain, easy to understand wording.
I would rate this book 4.75 out of 5. Why not 5?? Unfortunately, Peter refers too much to his $200 a year stock recommendation report (or whatever he calls it) that runs through what he terms as Leeds Analysis. While I am not interested in a $200 a year recommendation report, the book is still a solid, information packed book. To Peter's credit, he breaks down what Leeds Analysis is and how you can do your own analysis. Again, this book is very detailed and thoroughly written.
I highly recommend this book. I have no doubt that long-term wealth is on its way to me through investing in the market (stocks, real estate, etc).
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12 of 13 people found the following review helpful:
5.0 out of 5 stars
Extremely Practical and Straightforward, March 10, 2011
This review is from: Invest in Penny Stocks: A Guide to Profitable Trading (Hardcover)
Peter Leeds does a great job of laying out specific tips and strategies for entering into the realm of trading penny stocks. Once a type of stock that was frowned upon and scoffed at, the opportunity for large gains have recently brought them more into the mainstream.
Mr. Leeds helpfully categorizes his information according to the perspective readers skill level (Which was great for a newer investor like myself). Even suggesting that the reader skip certain sections if they are past a certain knowledge level. His aptly named "Leeds Analysis", a thorough, methodical process that potential penny stock investments are put through, is a great model potential investors can use in choosing their own penny stock investments wisely. If you're interested in getting to the realm of penny stocks this a great introduction and guide that will help you avoid pitfalls and hopefully lead you on your way to making great financial gains.
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7 of 7 people found the following review helpful:
5.0 out of 5 stars
Balanced Tone and Smart Content, March 31, 2011
This review is from: Invest in Penny Stocks: A Guide to Profitable Trading (Hardcover)
In the movie "Limitless," someone with infinite potential went straight to the stock market to make huge gains quickly. The goal of Peter Leeds' Invest in Penny Stocks is to give you the tools that could help you do the same thing.
The book describes the Leeds Analysis system for picking which penny stocks to invest in, how and when to buy, and how and when to sell. The three main components of his system are fundamental analysis (e.g., financial statements), technical analysis (e.g., trends in stock prices), and Third Level Analysis (e.g., rumors about the CEO of a company.) Leeds goes into nice detail about each of those levels of analysis, and I particularly appreciated the weight he gave to leadership: "A horrible CEO running a great business is likely to fail, while a great CEO running a horrible business is likely to succeed." (p. 111)
I thought Leeds did an excellent job offering helpful content while maintaining a balanced tone. He began the book by pointing out the risks of investing in penny stocks, noting that he doesn't give anyone specific advice about their personal investments, and even sharing his own story of having lost his entire life savings ($3600) in the stock market at the age of 14. I thought he did a good, responsible job of clearly explaining that his area of expertise is not something that everyone should be pursuing. And for people willing to go for it, he wisely recommended starting with paper-trading to get some experience before actually investing cash.
Although I admired the balanced, positive tone and smart content of the book, I thought the references to Leeds Analysis became so frequent that they interfered somewhat with the overall flow of the book. Here's an example:
"I'll also introduce you to Leeds Analysis... More accurately, the method I developed, which I called Leeds Analysis, started becoming pretty good at investing... This is the major driving principle behind Leeds Analysis, the successful trading methodology that I've developed. Out of significant paper-trading... I developed and continually refined Leeds Analysis." (p. vii, 29)
If you can stay focused on the content without being distracted by that one issue, I think this is a very valuable book. If you pick it up, I hope you get a good return on your investment!
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