HI,sunil once upon a time,i raed an article about penny stock and tempted to buy cals [email protected] rs but now it is at 0.30rs i hav investment of rs 55000 in it its going down and down .please comment on it.
Wait and most probably u get returns in future.
Frankly speaking no time limit can be said. One can invest in penny stocks only that much money that he can afford to forget.
Look at Kwality Dairy. It was trading between 20 to 50 for 6years and suddenly from end 2008 it went from 20 to 1300 in 1 year.
Most people who invested between 2003-2008 have exited being frustrated before the spike.
I advice to invest small amounts periodically in penny stocks near it's all time lows and forget about it. Not all will go vain. Let those be your retirement plan.