Some investors are drawn to penny stocks, especially when they see that some penny stocks make the top volumes stock in SGX on a regular basis. And when penny stocks gain in price, the upside capital is really alluring, some could be as high as 50% or more. This is inevident as penny stocks are lowly-priced and even though SGX has the measure of minimum trading price (“MTP”) ruling of twenty cents, this does not apply to Catalist stocks. Reading blogs of top traders on how they make monies from penny stocks on a consistent basis probably will also lead some retail investors to think that trading in penny stocks is easy.
But is trading in penny stocks easy? In my previous post on QT Vascular, I have shared with readers that this stock looks interesting to me especially after the announcement that QT Vascular has its four patents approved. ......