How do I invest in penny stocks or stocks on the Pink sheet?

Ron: How do I invest in penny stocks or stocks on the Pink sheet?
I’m new to investing. I have a sharebuilder account. There are stocks I’ve been interested in but been unable to purchase because they are not offered from ShareBuilder. Specifically, NJMC and LLBO.

How can I invest in the penny stocks that aren’t offered by my broker?

Answers and Views:

Answer by euroman71
Don’t invest in penny stocks, that’s a waste of money. The chance of you hitting it big with a penny stock is the same as hitting a jackpot in a lottery. Invest in stocks of solid companies like Johnson&Johnson, CVS, Microsoft, Ebay, Google…

Make sure to diversify as well. You can use online broker like Scottrade.com or Etrade.com, etc… They give you lots of tools to do research and pick stocks that match your criteria and investment goals.

Good luck

Answer by timgret82
I personally use Ameritrade, I know Scotttrade works as well. You do fine trading penny stocks as long as your careful, remember to do dd and I would recommend starting out trading pink sheets on a piece of paper so you can get used to their volatile action. A good place to start with tip and some dd on current penny stocks in the spotlight is bullquake com. They also have an online community to so you can chat with others. Remember be careful with pinksheets. Oh and LLBO I believe it is done running, the company increased the share structure so I assume they are going to dilute soon.