Posted by: GeetMaiJawaafDiu? December 4, 2014
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I am not much into turnaround stories. If positive story is supported by actual numbers then a stock would be attractive. Then when the good news becomes public, the stock will pop like crazy. For example, Mr. Buffett, who is extremely positive on America's economic future, touts Bank of America's (BAC) huge retail customer base and its bright future. But he only holds BAC preferred stocks.
BTW, the SEC defines penny stocks as ones with quotes below $5.