I received an email last Friday from pennypic.com, the free penny stock newsletter I subscribe to. I was quite excited too because they kindly told me to "enjoy and relax on you're (sic) long weekend, because we have a major MONSTER announcement coming Mid Week…" Then on Monday, I received another email reminding me to "be prepared" because they were announcing their next pick on Tuesday. I waited around Tuesday evening to find out what the next dead-in-the-water penny stock company they were being paid to hock was. They stood me up. And continue to. Some penny stock newsletters don't seem to care about their subscribers. Perhaps those at pennypic.com graduated from the Gordon Gekko - "Greed is good" - School of Business? Still, if there's one thing online investing newsletters like pennypic.com (and others) do, it's illustrate the need for both ethical and honest research… and the need for penny stock investors to be aware of what they're actually investing in. It's tough for companies like pennypic.com to claim they offer decent research when the fine print tells you that they are "often" compensated for issuing penny stock profiles; more often than not, in stock of said company. That's not the sort of information you should hide in the fine print. Not only that, they can sell those stocks whenever they see fit. That could very well mean the morning after they send out their promotional copy touting a dead penny stock. For the record,
YSL pumps, I have yet to see a penny stock they've hyped where they haven't been compensated. I think the more upfront a penny stock newsletter (or anyone for that matter) is with their intentions, the more trustworthy they are. My cable company called this week wanting me to sign on for another two year contract. If I agreed, they would give me a $60 credit. But what if I decide I want to cancel my account before the two years are up, I asked. The customer service rep said I'd "only be fined $200." Tell people what they're getting up front and