Friday, December 4, 2009

Three Penny Stocks to Avoid (HEB) (CIT) (IRLD)

More Penny Stocks

Listed below are three stocks whose prices are under $1, which may be consider as penny stocks or small cap/micro cap stocks. Many penny stock lists can be obtained through various lists if you would like to find more penny stocks consider clicking on relative links provided by Google on the right hand side of this blog or right above this paragraph.


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Hemispherx BioPharma, Inc (HEB)

Current price $0.65


HEB is a bio pharmaceutical company which recently faced a pivotal moment in its history and fell short. The company had a pending clinical trial with the FDA with optimistic outlooks of growth and profitability. The stock price reached a high of $4.54 making many investors happy. Today HEB’s stock price is trading around $0.65 and facing a class action lawsuit for misrepresenting facts and details about its clinical trial with the FDA and being disapproved. HEP faces difficult challenges ahead and should be avoided if possible.



CIT Group Inc. (CIT) / (CITGQ)

Current price $0.17


CIT is now famous alongside Lehman brothers for not having the right people in the right places such as an AIG, GM or Chrysler to receive bailout money. The company is now facing a steep slope ahead and may never recover and face sure liquidation. Any investment at this point may be a gamble with the odds against you.



Ireland Inc (IRLD)

Current price $0.49


IRLD is a mineral exploration company engaging in the exploration of gold, silver and other precious metals. The company has yet to report any revenues and is operating solely on debt and equity capital.

Due to the speculation of this investment and the lack of historical data or performance this company should provide a few good quarters or even a full year of positive operating performance and cash flows before an investment decision should be considered.

2 comments:

  1. The information given on stock market is very informative. Crisis today in the world capitalist economy is not merely one of liquidity, not just of there being not enough money to go around for banks to lend to other banks, and so on. It is the crisis of solvency. In other words, many financial firms are bankrupt. Even then foreclosure homes in Canada, is found increasing.

    ReplyDelete
  2. The information given on stock market is very informative. Crisis today in the world capitalist economy is not merely one of liquidity, not just of there being not enough money to go around for banks to lend to other banks, and so on. It is the crisis of solvency. In other words, many financial firms are bankrupt. Even then foreclosure homes in Canada, is found increasing.

    ReplyDelete