Customer Reviews

Penny Stocks: The Next American Gold Rush

5 star:		(16)
4 star:		(3)
3 star:		(2)
2 star:		(0)
1 star:		(3)

 

 

The book was excellent reading to supplement my knowledge of penny stock investing. Weaknesses include the strategies and emphasis on trading exclusively on the over-the-counter bulletin boards. Any reader who is interested in unemotional, systematic strategies including trading penny stocks on Nasdaq, New York Stock Exchange, and American Stock Exchange, may wish to browse through MAKING DOLLARS WITH PENNIES: HOW THE SMALL INVESTOR CAN BEAT THE WIZARDS ON WALL STREET, by R. Max Bowser. Bowser shares his twenty-two years experience in the penny stock arena. I think it encompasses a more comprehensive approach to investing in these type stocks.

I can't believe that any of the other reviewers have experience trading stocks. This book doesn't give you any concrete startegies. Basically stick with the top 100 volume pennies and then scan the online boards for ideas. He says to have a plan for exits, but it is basically take a guess - no rational. In one example he has a 5 stock portfolio, then "adds" up all the gains and says he had a net return of over 1800%. While still impressive, the gain on the portfolio is closer to 400%.

The only decent advice is to use limit orders so you don't whacked by slippage, and to do due diligence (though he admits he doesn't on most picks). This book is pretty much an intro to pennies then fly by the seat of your pants. It doesn't deal with pennies on the NASDAQ or NYSE, just OTCBB and pink sheets.

As an avid Nasdaq and NYSE on-line trader, I was looking to diversify my portfolio through penny stocks.

The author does an excellent job of explaining the "ins and outs" of the penny stock market along with providing sound investment strategies. For the beginners and novices, I suggest you cease penny stock trading until you read this book.

After reading this book, I would proceed to the web sites the author suggests in order to find some stock buys. Once finding the stocks that interest you, I would apply the author's investment principles, exercise patience, and await the rewards!

being fairly new to the stock game, i have acquired quite an extensive library on books about penny stocks. each seemingly different from the last and confusing more. but picking up this book by dan holtzclaw, has finally made sense out of the complexity of penny stocks. solid information about the risks and rewards.. friendly advice in an easy to understand format. tips and warnings to help you along your way. i now feel more comfortable after reading this book, and have even made a nice size return following mr. holtzclaw's advice! two thumbs up!

A MUST book for anyone interested in the Penny Stock Market! Excellent for beginners! Easy to understand text! If this book doesn't help you in the fast growing market, nothing will!

This book is expertly written and provides some great information. I also purchased and read The Guide For Penny Stock Investing which I liked better. They are both great books with allot of info but I found that the information in the Guide For Penny Stock Investing is more practical and so far it has helped me find a few stocks that doubled in price. The Next Gold Rush does a good job of providing a clear translation of many terms used so I would not ingore it either but I would definitely move on the the Guide once you have larned the basics and are ready to make some serious money.

Great book. Tells the real story of pennys stocks and the OTCBB market. I made 80% profit on my first trade after reading this book.! Very simple and easy to read without alot of technical baloney. All should check this out in my opinion.

Well first let me say that this is a very short book - easily read in one sitting with 118 real pages. Unfortunatley for this book, it came out in 1999 so as we know this was during the hayday of stock fever. I found that a lot of his referenced website's don't exist anymore and only a fraction of his bulletin board's mentioned still survive. He also talk's about them WAY to much. In the era of technology and pertinent information, this was it's major downfall. Where he recommends bulletin board's for talking to others about stock & recommendations, I've only found the "bashers" and the "pump and dump'ers". No real value there unless you get lucky. I mean he even defines "LOL". I could hardly believe it. Most, if not all his examples make it sounds like he's a zillionaire, yet he's made several thousand. Whoopie. I've only found on average that less that 3-5 stocks a day go up significantly, and finding out when one or two stocks in a 1000 is going to "pop", impossible. Day trading of penny stocks is not recommended but there are several decent strategies shown for several day and on holding/playing the game. Penny stocks are nothing like Nasdaq except the way you buy and sell. Uber-Volility is the name of the game and it's very easy to loose. I read the book and it makes it look it's just to easy.. well in 99', it was hard to loose. In today's economy, it's a whole different ballgame. If you need some strategies, this could potentially be a good book, otherwise it's far outdated with old websites, and potentially incorrect inforation for the well informed. Read's like it was written by a sophmore in high-school, so it maybe an easy to understand, but of questionable value on 2004.

This was a pretty good book on penny stocks. I like how the author mentions that visting message board communities to hunt for ideas and rumors etc, is key while investing in penny stocks. That is very true, and not many people realize it can be a fundamental part of the investment process in penny stocks. The one downfall this book has, is that it was written in 1999 when the market was booming and the economy was robust. Now it is much harder to capitialze on the penny stocks, specifically those involved with some sort of technological advance. I found nearly half to all of the websites mentioned... to be defunct and non-operational. This just shows those penny stock pickers that investing in a bear market in such small securities is hazardous to your wealth, and nearly impossible to capitialize on.

I have been investing in OTC stocks and I know how hard it is to find relevant and valuable information on OTC stocks. I have used everything I have read to select FDNI. The author offers concrete ideas when it comes to selecting and finding winners. Using his ideas I was able to buy stocks which have gone up 200% to 1000% , BICO and HICS. I am confident that I will be able to do just as well with FDNI now that I have become familiar with the authors ideas on investing.