Fiday... Time to rest my mind and get a little drunk too.

It's Friday night. I have not gotten far with my bank as of yet. I am still waiting for my TFSA to be linked to my brokerage account so I can use it online. In the meantime I have been all over the internet researching as many stocks as I could from the minute I get home from work until the wee hours of the morning. My brain is tired. I am so glad it's the weekend. I have been reading a lot into "penny stocks." Although there is no exact price that makes a penny stock a penny stock, it basically means any stock that you can buy for cheap. Not like Microsoft or Google and stuff like that. These stocks are like $0.01 to $5.00. Some people even consider $10.00 stocks to be penny stocks. Must be nice! There are good and bad things about penny stocks. The thing I like about penny stocks is you can make a lot of money on them. For example.. Lets say you bought 1000 shares of a stock that was trading at $0.05. Then the stock goes up to $0.10 in the course of a couple weeks or a month or whatever. You just doubled your money! Now, if you bought a share of Google at like $600.00, or whatever astronomical price it's trading at right now, and it went up to $600.05 you probably wouldn't even make enough money to cover your brokerage fees. It's all about percentages! Now.. The bad part about penny stocks: You can just as easily lose all your money too. Not only that, but there are also assholes out there that will flood the internet with newsletters, and posts, and what have you, about how awesome a stock is and how it's expected to soar in the coming days. ALWAYS DO YOUR RESEARCH! The people that push these stories have invested in this stock when it was selling at half a cent and are now trying to "pump" it. A shitload of people then catch wind of this and start "pumping" their money into it hoping to become rich over night. The stock jumps to $0.30 and the person responsible for all the hype dumps his or her shares and everyone else loses out. This is called "pumping and dumping." I bet you only thought you could do that to women! So you should always keep an eye out for a pump and dump stock. They are very common. Some people, however, have made a living chasing the pump and dumps. They catch wind of the hype early on and invest heavily into the stock and dump it before the pumper themselves decides to dump it. It's a good way to play off someone else's greed. But always very risky. You should probably wait till you have a lot of experience before trying to land that trick. Anyways, I'm going to go get drunk. Have a good one! Hope you learned something!

James