The buying and selling of penny mining stocks is a specialized
field. This is especially true when you are buying stocks that
meet PennyGold's criteria. As one PennyGold owner once said:
"If buying at the bottom is called 'bottom-fishing', we should
call the PennyGold strategy 'mud-sucking'. "
These dead little stocks trade so thinly, and at such low prices,
that you really should be using a broker who knows how to execute
your trades efficiently.
As just one example: if you place an order through a big online
discount brokerage for 50,000 shares to buy at $0.08, they may
very well just enter that order in one big block. Since this stock
may not trade 50,000 shares in a month, this alerts others.
The asking price goes up immediately for two reasons:
1) Sellers increase the asking price when they see the demand
2) People watching the stock think that something's up, so they
buy, some just on spec, some after research.
So...
You know the $50 you just saved on the commission? ... well the
discount broker just cost you $500 due to sloppy execution!
One of the most common questions I receive is...
"Who do you recommend as a penny mining stock broker?"
In order to answer that completely,
and to help you broaden your selection, PennyGold is
assembling a list of skilled penny mining brokers.
(NOTE: You do not have to own PennyGold
in order to call any of the brokers on the list.)
No, not A list ... THE list ... the list of "PennyGold certified brokers."
What does it take to become a PennyGold-certified broker? See
the PennyGold-Certified Brokers Page.
In order to help YOU by building what will be a terrific resource,
I really need a hand from you, the penny mining stock enthusiast.
Here's what to do. Contact your broker, and any others that you know
of or come across. Ask him or her to complete the e-mail (below) and
send it to me.
The first question that s/he'll ask you is...
"Why? What's in it for me?"
The answer is ...
"A lot!"
PennyGold lists these brokers in table form in
the PennyGold-Certified Brokers Page.
The Web site receives
over 500 visitors per day ... people with an interest in penny
mining stocks.
And we will publish the list in each issue of
the rapidly growing PGOLD XPRESS newsletter.
These two sources will be a
never-ending source of new clients. And given the high-quality
demographics of Web surfers, these are high-quality clients!
Now, as the list starts to build, I expect that brokers will
naturally improve the terms that they offer to investors. After
all, all the info will be there for all potential investors to
see, right on the Web site. Comparison shopping couldn't be
easier! A great service for PGOLD XPRESS subscribers!
(As the list grows, I will eliminate weaker entries, or brokers
for whom I receive many complaints. )
Naturally, as you review the list, don't just pick the cheapest
commission. To make the decision, blend all the factors, plus
one more ... compatibility.
One more note about the list...
My top priority is to list INDIVIDUALS, for all the reasons
explained in this issue. If you feel strongly about a discount
brokerage COMPANY, despite what I have written here, feel free
to have someone at that organization complete and fill in the
e-mail below in the name of the company.
The body of the e-mail should contain the following text. The broker should
copy the text, paste it into an e-mail to me,
then fill in the blanks, adding anything else s/he feels is appropriate.
The subject of the e-mail should be...
Penny Mining Stock Broker
START OF TEXT OF E-MAIL...
Hello Ken,
My name is _____________ (name of the individual).
I work at _____________ (name of brokerage -- INCLUDE URL IF YOU WANT A LINK).
My position there is _____________ (broker, V.P., etc.).
I would like to be included on your list of PennyGold-Certified brokers.
I have _____ years of experience at trading junior mining stocks.
I am able to buy and sell penny mining stocks on the following stock
exchanges: _____________ (list all exchanges).
Our commission structure (for orders for U.S. and Canadian trades)
is as follows: _____________ (provide details -- INCLUDE URL IF YOU WANT A LINK DIRECTLY TO THE COMMISSION PAGE OF YOUR WEB SITE).
Our minimum commission per trade is ________. I would be willing,
within reason, to waive our minimum commission and replace it with an
amount equal to 10% of the purchase price, should such amount be less
than our official minimum. I understand that this is not an obligation on
my part, but I am willing to offer it to my better clients.
The minimum amount required to open an account with us is
_____________ (fill in amount and currency -- i.e. USD, CAD, AUS).
We can accept customers residing in the following countries:
_____________ (fill in countries)
(ex., Canada; U.S.A.; Rest of World but not the U.S.A., etc.).
My phone number is _____________.
My fax number is _____________.
My e-mail address is _____________.
I would like to add the following comments __________________.
... END OF TEXT OF E-MAIL
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