I know its a tough question because penny stocks are exteremly risky and at the same time they can be very rewarding. Unfortunately there is not enough coverage and information on penny stocks. Can someone recommend good penny stocks?
2007-03-07 13:17:33 · 4 answers · asked by DDOD 1 in Business & Finance ➔ Investing
The way you find a good penny stock is the same way you find a good non-penny stock. Spend a lot of time looking over the financials and business model of a company. You can get a lot of useful information from the website of the SEC ( http://www.sec.gov ) using the Edgar application. Like the previous answerer said, though, there aren't a lot of good ones to be found. (I know because I've tried looking.) Sometimes, though, you do find some good ones. Odds are, though, that for every good one you find, there will be at least 99 bad ones, so you really have to be very picky here.
I currently own 6 million shares of ADVC.ob, currently trading at about $0.0005. I like the fact that management is contractually tied to the company until 2008, at least, and I expect they will stay on after that, though that expectation is speculation on my part. I also like the fact that, unlike most penny stocks, ADVC is making some serious money. True, its spending more money than it is making, which is a classic business problem, but it is making money. I expect that somewhere between several months and a few years from now it will be doing very well. All of that is speculation, though.
Another company that I like, which I've been following, is NAWL.ob. I don't currently own shares of this company, but I bought a million shares when it was trading at $0.0007 and sold them at $0.0018. (If I'd held them a few hours longer, I could have sold them at $0.0034.) I like the fact that this company has some marketable products and also that they seem to be getting some name recognition within their industry (biotech/pharmacy). I definitely like the future prospects for this company, but the buy-in price right now is a little bit higher than I, personally, like given the risk level of such an investment. The current price, as quoted by Yahoo Finance, is $0.0014 per share. Still, I believe this company also has a very bright future, and I'm guessing it is probably going to be taken over by somebody within the next few years. [edit] Apparently, lots of other people think its a good buy too. Stock is up about 1 tenth of a cent today as of right now on some good preliminary sales results reported for February. 1785% increase over a year ago, but that really wasn't that hard to do given how little in sales they had a year ago. Still, the numbers are impressive. I still don't own any shares at the moment, so I missed this particular upward ride and don't plan to commit at the moment. [end edit]
There are probably other good picks, but I haven't found them yet. I'm just an average investor myself, so you should do your own research before taking my word on anything as I'm certainly not qualified to give much in the way of investment advice.
2007-03-07 16:06:33 · answer #1 · answered by G A 5 · 0⤊ 0⤋
Hi there,
You should try with Penny Stocks Trading (you can find more info here: http://pennystocks.toptips.org )
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share.
I've been subscribing to this PennyStock web site for about a year now and have loved the objective advice they give. He really does look for quality stocks and I've made some pretty nice profits on a lot of his suggestions. Being still fairly new to investing I have been dabbling a lot in penny stocks to try and grow my account. I may not have a big account, but it's a lot bigger than it was a year ago. On just one of Nathan's picks this year I managed to make my investment back ten-fold! Be careful! Penny stocks are notoriously risky but if you follow the right method the risk is almost 0. I suggest to invest only little money first and then reinvest the profits. This is the site I'm using: http://pennystocks.toptips.org
Bye
2014-09-22 03:53:03 · answer #2 · answered by Ellynn 2 · 0⤊ 0⤋
I don't know of any serious investors that buy penny stocks. The only people I've ever known that bought them were trying to make a quick buck or get rich quick. However, I don't actually know anyone that ever made much of anything buying penny stocks.
I know you're looking for something to invest in but you'd be far better off buying fewer shares of a better stock. There are a few stocks under $10 that would be worth looking into.
2007-03-07 15:16:25 · answer #3 · answered by Faye H 6 · 1⤊ 0⤋
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/ed075
2015-01-24 08:07:24 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I'm earning good money with this binary option signal sofrware ( http://forexsignal.kyma.info ) What I'm going to show you now might irritate old-fashioned traders who can't accept that a piece of software can outperform what they have learned through many years of trial and error
2014-10-03 16:08:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋