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Old 07-26-09, 12:59 PM
bjpoly bjpoly is offline
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How to select penny stocks?

Pls i need to the best strategy to use in choosing penny stock.Help me out.

Last edited by bjpoly; 07-30-09 at 06:27 AM.
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Old 08-07-09, 04:00 AM
allangering allangering is offline
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Penny stocks are easy money so to speak as you can easily buy thousands of shares with less than $500 and the potential of upside is huge. That said the potential gain will be he only if you are able to make some good choices with the penny stocks and that will need your ability to pick some good penny stocks. A lot of penny stock companies are just the shell companies and they do not have any revenues. They are merely the front end for a lot of promoters. That is why if you are able to select the penny stock actual revenue generating stocks then you can easily make a good amount of money and huge profits.
There are a lot of guides and information available online in terms of profitable penny stocks. A lot of websites have the weekly newsletters that tell about some good penny stocks.You will probably need to subscribe to that and that will hopefully be able to give you some insight into how the penny stock movement happens.
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Old 08-07-09, 12:18 PM
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Stocktrading101 Stocktrading101 is offline
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Not sure if this helps but if you are new to penny stock trading you should be aware of its risks. We broke these down here on the site earlier this year,

http://www.stocktradingtogo.com/2009...-stock-trader/
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