| Penny stocks are hot right now. Actually they've | | | | website. If a company is publicly traded, they will |
| been hot for some time. Why not? Where else can | | | | have a website. On there you can find all their press |
| you double or even triple your investment in a short | | | | releases and contact information if you feel you want |
| period of time? I guess that's what make them so | | | | to get in touch with them and ask some questions. |
| popular. Penny stocks are not meant to be invested | | | | You'd be surprised to see how many times you'll get |
| in for long periods of time. Most are basically traded | | | | to talk to the CEO or the CFO. |
| on a more of a short period of time. Most of the | | | | As for the stocks that you're looking to double your |
| time when I trade penny stocks, I'm in and out of | | | | portfolio in just a few days, those are not found by |
| the position within a few days. Don't get me wrong | | | | looking at the fundamental side, but of the technical |
| though, I have (and currently) invest in a small | | | | side of the analysis. One you know how to read the |
| company that has the right product that has potential | | | | charts, you'll understand the signs to look for just |
| to grow into the next Apple Inc. | | | | before a penny stock has a breakout. The daily |
| The only difference between them and other stocks | | | | volume of shares traded is something to keep an |
| traded on the major indices is the value of each | | | | eye on. When you see the the amount of shares |
| share. A stock is considered a penny stock when the | | | | being bought each day increasing and the price has |
| price per share is less one dollar ($1). There are | | | | stayed flat or a slight gain, that is one of the signs to |
| thousands of stocks that fall under this category, but | | | | look for. |
| which ones are the right ones to trade or to invest | | | | You can use these penny stock websites that will |
| in. | | | | send you free daily e-mails to you. Each day they'll |
| It all comes down to doing your research into the | | | | tell you which stock is going to have a breakout, If |
| condition of the company. Look at the company's | | | | you don't have the time to stay close to your trading |
| financial statements as well as their balance sheets. | | | | screen, I suggest you avoid this type of trading since |
| Does the company have some contracts in place | | | | by the time you can get out, the stock has already |
| that will increase their next quarter's earnings report? | | | | lost momentum and returned back to the original |
| When looking for information on penny stocks, you | | | | price (if not lower) of where you bought it at. If you |
| will find it harder to locate the information quickly and | | | | do have time to day trade, be careful and never |
| easily. The information is out there, you just have to | | | | invest more than 20% of you portfolio into penny |
| find it. Go online to see if the company has a | | | | stocks. |