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Money makes the world go around


              This post is about Penny Stocks and how they can be at value to you .Penny stocks show great potential they are business's that when they first start out begin as a penny stock ,The Dow or NASDAQ both have a outstanding list of penny stocks to offer ,however with penny stocks when it comes to doing your research you need to be throe .Once again there is a great tool I use that share builder uses and that's a stock grader ,So if there are stocks you are unsure of grade it through share builder or even google .
I have had good and bad luck with penny stocks ,I bought a large amount of gsx (gasco energy) and i had thought i researched the company to the core however the share's have dropped about 10 cents and have been sitting there for almost a year now .On the bright side of things i had purchased pcbc (Pacific bancorp) which is a bank on the west coast .I had the opposite experience with this stock ,I had great returns the  amount i invested in a matter of 2 moths .

       Sirius xm radio was a penny stock one year ago and I have friends that mad a killing off them they bought in at 67cents and are now up to 1.27 as of today ,so there are great opportunities out there you just need to find them.Sign up for news letters at cnbc that will help stay up to date with what is happening on wall street because the news changes so fast and if you miss out a important fact that could be a very large loss to you so stay well informed. Most investors say penny stocks are a waste of time and they can be ,So if your going to try your luck at the tables then try out some strategies that I use they might be helpful.

  1. - Most important make sure the  industry that you pick is doing well .
  2. -When searching for a company read everything you can possibly find on this company ;pull up there research reports,income reports and there balance sheets .
  3. Once you have a good over all feeling about your choice learn how to read a chart they are the best tool to use ,look at there patterns and key developments.
  4. You should add your picks to your watch list either on google fiance or yahoo fiance so you can see there productivity on a day to day basis.
  5. Read all the hype on your picks from other investor and analyst.
  6. Then strike when the iron is hot ,get in low and sell high

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This post first appeared on Stock Market Sucess, please read the originial post: here

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