Who doesn’t know a good lawyer joke or twenty? And really, is it any surprise that we have a block of them tucked away, ready for use at any party, church function, or bus stop gathering?
After all, lawyers (or some I suppose) chase ambulances and hang out in front of court houses soliciting work.
There are also those astute and shrewd lawyers who erect corporate billboards at the busiest intersections, "Been in a Collision? Call..."
And really, when you think about it, it’s not such a bad idea. The key I guess to drumming up business is to be ruthlessly proactive. You won’t get anywhere if you wait for people or ideas to come knocking on your door.
In fact, lawyers may even be onto something. The stock market is a crowded place. If you want to make money with
penny stocks you have to look where others aren’t.
Sure I like to think my stock picking strategy is a moral compass for all to follow; but I’m not so sure my penny stock strategy is all that different from the stereotypical ambulance chasing, polyester suit wearing lawyer.
Penny stock investors may not exactly hang outside of a court house but we have been known to look under dodgy rocks for our next big find. Case in point, sector specific stocks rise significantly in response to: war, terrorist attacks, hurricanes, earthquakes, and other natural disasters (to name just a few).
It may not be pretty, but the stock market is a reactive place. It responds to world events and corporate press releases. Investors of every ilk buy stocks they think are going to soar...or climb even higher. It also doesn’t hurt to benefit from some well deserved luck and good timing.
Ideally, you want to do your research and locate a decent company before any market rattling press release hits the air waves. Yes, you want to buy low and sell high, who doesn’t? On the other hand, there’s nothing wrong with buying high and selling higher.
Many investors new to the stock-picking scene believe that there is some infallible strategy that, once followed, will guarantee success. There is no foolproof system for picking stocks.
At the very least though, you can use different events (for better or worse) as a spring board that can direct you to (hopefully) areas of untapped strength and growth.
It’s not uncommon for penny stock investors to buy shares in a company they are not fond of. Meaning, you don’t like what they actually do. Don’t get me wrong, I’m sure there are moral penny stock investors who only purchase shares in companies that are environmentally conscious etc.
For the most part though, to make money with penny stocks, you need to be ruthless in your pursuit at uncovering tomorrow’s untapped gems...today. You may even need to be as ruthless as any well intentioned lawyer.
I’m pretty sure penny stock investor jokes will not usurp lawyer jokes any time soon. In case they do though, you may want to kill two birds with one stone and find out if your local law firm is publicly traded.
