I’m trying to build a website that focues on penny stock investing. In my opinion, the potential ROI of this market is so huge it makes some of the risk worthwhile.
The trick of course, is finding and timing your trades. And that leads to my question: How do you find the best penny stocks to trade? I appreciate your constructive input and will adjust my website http://www.penny-stock-advisor.com to reflect good ideas.
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6 Comments on “How do you find the best penny stocks to trade?”
Yarcofin 7th March 2010
Look through penny stock forums, there are lots of them. Many people will find great penny stocks in their city before anybody else has a chance to know about them yet
http://yarcofin.wordpress.com
gosh137 7th March 2010
Ron, your web site needs a bit of "tweaking." On opening page, 2nd to the last line of the section titled "But the potential for significant gains is there.", the word investing is spelled ivesting. Add an "n".
On the "Top 10 Stocks" section – the first section, the 1st letter of each line (left side) is missing.
Nice web site though.
About how to find etc. Since so many of these "companies" are just a computer sitting on a desk in some guys den, I feel a visit to a company is necessary to make sure it is real.
As an example: One company a friend said was a "hot tip" said they could make electricity out of the water vapor in thin air. A bit of research showed the company headquarters in San Diego, Calif, the CEO lived in Vancouver, British Columbia, Canada, and the research lab/"factory" was in New Mexico. Needless to say, I did not bother to visit the 3 sites to check if was a real company, I told my "friend" the common New York answer "fergetaboutit."
lithium630 7th March 2010
Penny stocks are terrible investments. You clearly have no experience trading yet and should not be advising others through a website. There are also SEC regulations you need to be familiar with.
A nobody 7th March 2010
You’re trying to build a website that focuses on penny stocks and you have to ask how do you find penny stocks
Apparently you have done no homework or research on this,
Penny stocks is not an investing vehicle, they are used to trade not invest.
You statement "In my opinion, the potential ROI of this market is so huge it makes some of the risk worthwhile" is not only misleading but erroneous,
I looked at your website, and it too is very misleading in many areas, Somewhere down the road you may run into legal problems since there could be some regulatory concern with the site.
You can run your idea and site against http://www.stockwire.com/ you’ll find many in-experienced investor/traders on the site, others that are pretty gullable, and others that really understand penny stocks and just trade them for what they really are, fun to play with.
keith 7th March 2010
If you want good stocks to invest in, look at a 12 month chart for these at finance.google.com
CLR ANR SID POT FDG CPST MCF WLT EBIX MOS CF BZP
futurebg 7th March 2010
Warren Buffet chooses stocks solely on the basis of their overall potential as a company. This is what Buffet looks for in a company:
Stock prices are unjustifiably low.
Company profits are constantly increasing.
The company is performing consistently well.
Overall, the company has a bright future.
Also, try reading "Micro Cap Investor"
FYI: We’re running two successful penny stock websites:
http://www.globalmarketplay.com
http://www.unibexglobal.com