Finding Penny Stocks
|
Penny stocks are low priced stocks that are not traded on the major exchanges. They are traded on the Pink Sheets and/or the OTCBB which stands for the Over the Counter Bulletin Board. A stock can be listed on both the Pink Sheets and the OTCBB. Penny stocks may also be referred to as micro-cap stocks and can be recognized by the designation of .pk at the end of the stock symbol. Although the SEC defines penny stocks as those under $5, most investors consider penny stocks as anything under $1. Finding penny stocks worth buying is a goal of many adventurous investors.
You are not going to have much luck if you rely on a professional broker, because many brokers refuse to trade penny stocks because of the risk involved. Penny stock trading is definitely a do-it-yourself venture. There are many websites where you can open investment accounts and trade penny stocks. They include Noble Trading, Scottrade and E-Trade. You're not working with an individual broker but rather entering your own buy and sell orders via the site. Most of these sites have an account minimum of at least $1000 or more. They are easy to use and you can be trading stocks in minutes after creating an account.
Penny stock trading is a risky venture that can pay off or cause you to lose money. Small amounts of money make a big difference in the world of penny stocks. If a penny stock falls a few cents, you could lose a substantial amount of money. However, the opposite also applies. There are opportunities for big profits which is why so many investors trade penny stocks despite the substantial risks. The key to becoming more successful with these stocks is learning which ones make good investments and which ones don't. You can find a great deal of information on the Internet that can help you.
When finding penny stocks on the Internet, use trusted resources that have a good history of success. If a stock recommendation service cannot provide proof of a successful trading history, steer clear. You may want to join some message boards and forums devoted to making money with penny stocks. There are also software programs that can be helpful for many investors looking for guidance. These programs are called stock picking bots and use computer technology to choose promising stocks based on your specifications.
![]() |
| Tomorrow's Monster Stocks? (The Motley Fool) Stock picks from investors who've already made big market-beating calls... | ||
Gustav cuts oil refining output - Baltimore Sun HOUSTON - Hurricane Gustav 's threat to the Gulf Coast halted about 15 percent of U.S. refining capacity yesterday, though for now prices at the pump have not risen dramatically. However, analysts and others say a prolonged disruption in refining ... | ||
Top 3 Stocks : WEGI, TRKB, SRDG The following are the Top 3 Stocks as of Monday, September 01, 2008 3:00:10 PM #1 Stock is WEGI. WEGI chart. #2 Stock is TRKB. TRKB chart. #3 Stock is SRDG. SRDG chart... | ||
Stride to the Podium (Lancaster Eagle-Gazette) LANCASTER EUR” A week into the 2008 season, cross country teams throughout Fairfield County are taking stock of new athletes and returning talent, trying to find the best combination for a run many hope will end on the podium at the state meet at Scioto Downs. The following are just a few storylines to follow as cross country season hits full stride... | ||
Making Cents in Penny Stocks - Motley Fool
| ||
PennyPerformers.com: "Penny Stocks that Perform" picks are: CEXI . - Trading Markets (press release)
| ||
More Than Momentum: Stocks Rising for a Reason (The Motley Fool) Sorting a real growth story from a flash in the pan... | ||
Making Cents in Penny Stocks - Motley Fool
| ||
Ripped off by Doubling Stocks / Robot? DoublingStocks.com, and all their affiliated sites have taken advantage of tens of thousands. You may be one of the unfortunate people who have been duped. To help justice eventually catch up to these individuals, please report your ... | ||
Reporting follies - NEWS.com.au
| ||
Making Cents in Penny Stocks - Motley Fool
| ||
Friends and Family Matters (Yahoo! Sports) Channeling Rex Grossman wasn't the wisest idea for the author during the recent Friends and Family draft... | ||
When Dot-Com Penny Stocks Collide - Motley Fool
| ||
|
Technorati Tags: Buying Penny Stocks, Tips for Finding Penny Stocks, Finding Penny Stocks













