It’s understandable that investors get taken in by promoters like Ted. It’s everybody’s dream to get in on the ground floor of the next big thing.
But many of the stocks you hear about from people that you don’t know are not real businesses. They’re just shells organized to sell stock to gullible investors.
Here are some simple checks you can run to spotlight the Miracle Techs of the world so that you don’t waste time researching, or worse, buying them.
You can find everything you need on almost any major financial site. I’ll use Yahoo’s Key Statistics report to illustrate the process. Get a quote on Yahoo, and select Key Statistics.
Many professional investors shun stocks trading at prices below $5 per share. ...