What is the best way to find penny stocks? Where can I find trusted news and info about them?

Answer 1

Ignore all hype found on the web, or spam sent to you via snail mail. The way I look for them is science/technology articles in Business Week, Popular Science, Popular Mechanics, newspapers, energy, material handling trade journals, anywhere not on the web. Even then, be careful. I just read in Business Week magazine, in their "new, upcoming technology/science breakthroughs section" (I threw my latest copy out 2 days ago, next one comes tomorrow and I don't remember the exact name of the page) about a firm developing a new solar cell product that is much more efficient than current ones. The story sounded familiar so I looked up my files on solar cells and found a Popular Science story about the same "new" type of solar cells. The story was written back in 1989! Some of these "penny" stock companies take many many years to become "overnight" sensations.

Answer 2

Here's some news for you - free of charge - STAY AWAY FROM PENNY STOCKS! For every one good company (that is good, not great), there must be a thousand worthless companies. By the time you do your due diligence and find one worth investing in, it will no longer be a penny stock.

Most of the hype for penny stocks is done by people looking to either sell you their shares or drive the price up so they can unload their shares in the market.

Use the same effort for companies listed on the NASDAQ or NYSE. There are many inexpensive stocks from well-established companies. You'll buy fewer shares, but have better value and returns. The other answers have some sites that screen stocks. Sign up with a discount broker like Scottrade and use its research screens.

Good luck and happy pcking...

Answer 3

I'm making good profit with penny stock, check here http://penny-stock.keysolve.net
Many new investors are lured to the appeal of a penny stock due to the low price and potential for rapid growth which may be as high as several hundred percent in a few days.
Similarly, severe loss can occur and many penny stocks lose all of their value in the long term.
Accordingly, the SEC warns that penny stocks are high risk investments and new investors should be aware of the risks involved but you can even make very big money. These risks include limited liquidity, lack of financial reporting, and fraud. A penny stock is a common stock that trades for less than $5 a share. While penny stocks generally are quoted over-the-counter, such as on the OTC Bulletin Board or in the Pink Sheets, they may also trade on securities exchanges, including foreign securities exchanges. In addition, penny stocks include the securities of certain private companies with no active trading market. Although a penny stock is said to be "thinly traded," share volumes traded daily can be in the hundreds of millions for a sub-penny stock. Legitimate information on penny stock companies can be difficult to find and a stock can be easily manipulated.

Answer 4

Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/fb19f

Answer 5

One way would be to screen for stocks under a certain price. Go to moneycentral.msn.com/investor and download their free stock screening software.

also check www.otcbb.com (over-the-counter bulletin board).

for the truly brave there's always: www.pinksheets.com (click the "about" tab for more info on the pink sheets quotation system. The have been around for a long time.)
These are companies that are too small for the other exchanges, but some are bankrupt companies that have been delisted. Also, these stocks are not regulated by the SEC so some of them are probably scams. You have to research before you buy!

Happy Hunting!

Answer 6

You might want to see which penny stocks the best traders are buying and selling at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Here are the latest trades:

http://www.top10traders.com/StockInfo.aspx

Hope this helps.

Answer 7

penny stocks are often that cheap for a reason...
my experience is that many of them are results of reverse-mergers, too, sooo....

however, if you're not too worried about liquidity (and you must not be if you talking about building positions in penny stocks), i'd be happy to talk to you about investing in the (private) pharmaceutical company i founded a couple of years ago!