net penny stocks

@sergeo6 (100)
Canada
April 26, 2010 6:26pm CST
Someone showed me netpennystocks.com today. Netpennystocks.com only costs $1.95 to start making money. I do not know much about stocks,but I do have the money to use them. Would any of you mylotters be kind enough to explain how penny stocks work,especially netpennystocks.com
1 person likes this
3 responses
@cheongyc (5075)
• Malaysia
27 Apr 10
I have briefly read through this web site. I think the idea basically is introducing the user an automated stock trading software which will buy and sell the stock base on pre-defined formula and algorithm. To me, it's having certain risk, because the market itself is a unpredictable nature. So, it couldn't be traded base on a fixed formula or algorithm. But since the initial investment is small, you can try it out and let us know if it works. Happy posting and have a nice day!
@sergeo6 (100)
• Canada
27 Apr 10
So I put $5.00 dollars into netpennystocks,come to find out the only way to make money is to refer people. There is know trading or betting involved. So now I am out $5.00 on something I am not interested in,guess I should have done my homework a little bit better after all!
1 person likes this
@cheongyc (5075)
• Malaysia
28 Apr 10
That means it's a non-productive web site, which only rely its member to continuously looking for referrals. I am very adverse on this kind of site and dare not join any of them now because I used to be scammed by several of them. It's lucky that you have only made a small amount investment. Ya, more homework is giving us better chances of earning money. Thanks for your kind sharing.
• Canada
13 Sep 10
Well I appreciate you putting in the $5.00 and letting us know how the site works, saves the rest of us from making that mistake. I was curious but now I hope I never see that site again.
• Philippines
15 Nov 10
I'm glad that there is a site like MyLot, I can always check on other sites review here. I was about to put some investment on netpennystock.com, but sadly I found the site not worthy for investments, glad I dig in into this discussion.
• India
13 Mar 11
as you give last message 11 month ago for net penny stock .can you earn something from that site or it is scam.