Awesome Penny Stocks Reviews – Legit or Scam?


Awesome Penny Stocks
from 152 reviews Review It
Awesome Penny Stocks

 

AwesomePennyStocks.com is a website that offers a free subscription to an investment newsletter that targets the buying and selling of penny stocks.  In exchange for simply supplying your email address, you will get a newsletter with stock recommendations that allegedly rise in cost on a regular basis, allowing you to earn payouts on your investment.

Penny stocks is a term used the market to reference stocks that trade for under $5.00.  Awesome Penny Stocks generally seems to limit the stocks they investigate and promote to being those that actually trade at less than $1.00.

While it may seem hard to believe (or not so hard to believe, given the current financial situation in the US) that there are legitimate stocks being traded at less than $1.00 a share, it is true.  Penny stocks are also called “micro cap equity” and have been around for a long time.

So is Awesome Penny Stocks a Scam?

It’s hard to say definitively whether Awesome Penny Stocks is a scam, but it is definitely dangerous.  First of all, penny stocks are notoriously easy prey for price manipulation.  This means that a company like Awesome Penny Stocks can purchase a large amount of potentially worthless stock, recommend it to their subscribers, who purchase the stock causing the price to rise, and then the company sells their stock, causing the the stock price to drop again.

This is a well established problem with companies that recommend penny stocks, even long before the Internet became the go-to investment guide.

Another serious problem with Awesome Penny Stocks is that they admit in their Disclaimer that they accept money from third party companies, and therefore admit to being biased when reviewing these companies.  This means that Awesome Penny Stocks could be taking money from companies for the purpose of recommending their stock to their subscribers in order to bring up the price of their particular stock.

And if those problems aren’t warning enough, Awesome Penny Stocks also freely admits in their Disclaimer that no one who works for them actually has any sort of training or certification as far as investment advising is concerned.  So really, if you were interested in penny stocks, you would be much better off researching and choosing them on your own, than taking a chance with a company that admits to taking money from companies who might wish to promote their own stock.

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Customer Responses, Reviews, or Complaints

Average Rating for " Awesome Penny Stocks " is 3.2 out of 5 based on 152 reviews.
  • It's a freakin pump-n-dump ... They're pick will 'pop' for a day or 2, then TANK a few days into the 'promised' HUGE potential gain. Yea, right. BS at its finest. RUN , don't walk.
  • Penny stocks are the stocks that trade under $5. However, it can also be defined as any stock which trades either on the over the counter market or on the pink sheets. There are many stocks with share prices in the dollar range and a market cap of over a few hundred million dollars, sometimes even equivalent a mid cap in the price of their market valuation.
  • If you look at their picks, there does seem to be a correlation between their picks and an increase in price over a several day period of time.
  • If you know what you're doing, this website provides a well of information. Profits from these stocks, with a little research of past picks, can provide a spring of profit, albeit the moral issue of duping ignorant buyers. Manipulative, but also profitable.
  • Thank you for this information... I was thinking about checking them out simply because their Model is so Freakin Hot... Somebody at their company knows what they are doing... Lol... Regards
  • I have been hung out to dry playing the "AwesomePennyStocks" picks. They take off like a rocket as soon as the first newsletter comes out and then fall like rocks within a couple of days. They will blame, by name, some market makers for shorting their picks, which if it is true means that those guys really have it out the writers of the newsletter. Unless you are lightning fast day trading you will get screwed.
  • This is such a great resource that you are providing and you give it away for free. I enjoy seeing websites that understand the value of providing a prime resource for free. I truly loved reading your post. Thanks!
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