DON'T take Stock Pick advice from Stock Message Boards or Bulletin Boards!

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It can be hard to resist, but don't listen to any advice you get from complete strangers on stock forums, also known as "stock message boards" or "bulletin boards". Trust me, in can be hazardous to your portfolio.

When I first started buying penny stocks I wasted a lot of time and money with penny stock forums. These forums are not regulated which makes it an easy place for "pump and dump" stock fraudsters to "Pump" a stock up that they may have purchased a huge amount of shares in. Many of these fraudsters are very good at giving out false information about a stock company that makes an amateur investor believe the stock is going to jump way up. Sometimes people get lucky and make some money on stocks that people are talking about in the forums. But I can assure you that many more times than not, the stock will completely plummet shortly after it rises because the "pump and dump" promoters sell off all their shares as soon as people start buying the stock.

Think about it? Can you trust a complete stranger on line with your money? You have no idea who this person is. Do you really want to waste your hard earned money on a penny stock company just because some stranger tells you some story of why it's going to jump? I personally got burned way to many times with penny stock forums when I first became interested in penny stock investing. Penny Stocks are the easiest stocks for a fraudster to make a lot of money on because penny stocks can quickly double, triple, or more in value, after they purchase the stock, and hype it up to the public.

Don't waste time with stock forums. Especially with penny stock forums. My advice is to not even go to these sites. Especially if there is too much temptation for you to trust somebody that tells you a penny stock is about to jump 10 times it's value.

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