Penny Stocks Investing

Question by joey: What are going to be the hot penny stock picks for 2010?
can anyone shed some light on this, I would like to know some opinions on what penny stocks have good chances of exploding in 2010

Best answer:

Answer by Ryan M
If anyone had that information publishing that would be a DISASTER to THEIR efforts. Second, your are MUCH more likely to win the lotto than hit a big penny stock. They trade at such a low price because the underlying fundamentals of the company are crap. The markets are so efficient today that if there was a potential upside to a stock that is well-known, then that is ALREADY priced into the stock. Penny stocks are tools for newbie investors to feel like the have a significant portfolio.

Know better? Leave your own answer in the comments!

When investors buy penny stocks, they need to collect as much information as possible before making an investment. A company’s background and their previous practices have to be considered when buying penny stocks. This is essential so that they make a smart move and make the most out of the penny stocks at hand. Penny stocks are an easy and swift way to earn more profits if the investment is done sensibly. I have compiled some top penny stocks for 2010 which are expected to make investors big return on their investment.

Before making an investment, you must bear some points in mind. Firstly go for those companies with market capitalization that are less than 500 million dollars and then decide to buy penny stocks. Pick up those stocks which belong to a reasonable company, a company with high earning and very low debts. The volume of penny stocks also greatly matters.

One of the top penny stocks performers is LGL group which manufactures electronic components. LGL group’s shares are dramatically increasing and recently, the company traded at a 52 week high of .20. LGL group also posted a fourth-quarter profit of 15 cents a share, swinging from a year-ago loss of 5 cents a share.

Next is Federal National Mortgage Association (Fannie Mae) which is a government-sponsored enterprise and supports stability in the mortgage market as it provides mortgages. The value of the company’s penny stocks is expected to shoot high and give you huge returns once you buy penny stock of the company.

Oilsands Quest (BQI) is also considered another top penny stock performer. It showed an increase in value from August to October. However a high risk is attached with Oilsands quest because it has no revenue but the value of its reserves and expected ability to extract such reserves on a profitable basis make it one of the top penny stock performers. As these expectations are increasing because of the higher oil prices in 2010.

Unico is a company which deals in the precious metals mining sector and focuses on the exploration, development and production of gold, silver, lead, zinc, and copper. Unico is already a very active trading stock. It has been as high as 0 per share in 2007 before splitting its stock a few times. A huge potential and gain is expected out of this stock which makes them another top penny stock performer.

Atwood Oceanics is an explorer and has been very successful. The earnings’ estimates of the company have shown a rise previously and resulted in a P/E of 7.5. Atwood Oceanics’ margins have topped 40% too which signal that this company can give huge returns if an investment is made.

A variety of methods can be used by investors when finding the top penny stocks in the stock market. A penny stock newsletter can play a very important role in providing investors with very useful information, stock alerts, stock ideas, trends and list of top penny stock performers. Investors can also use a stock screener to generate a list of stocks based on a variety of criteria.

More Top Penny Stocks Articles

Microcapmillionaires.com Releases Penny Stock Picks For 2010

Microcapmillionaires.com PIR Alert

Jacksonville, NC (PRWEB) December 15, 2009

Matt from Microcapmillionaires.com has been able to display an uncanny skill of predicting large percentage gains in specific penny stocks over the course of 2009. He also used the volatility of late 2008 to play many oversold stocks for short term “bottom bounces”. Not only has Matt used his penny stock prowess to trade quickly in and out of penny stocks for profit, but he has also given subscribers of his newsletter

http://www.microcapmillionaires.com free penny stock picks so they can also benefit from recent market conditions.

In an effort to reach out to potential penny stock traders before they fall prey to “paid pumpers” of penny stock companies, Matt is offering three free penny stock picks. These picks will all have:

– A clear and understandable explanation as to why each penny stock has a strong likelihood of ascending 50 to 500 percent within a relatively short period of time.

– Charts that are annotated to show why Matt thinks the picks are ready for a breakout.

– Price target areas so subscribers will have an idea of where to sell.

– A “time window” to expect each penny stock to move.

Traders who have been subscribed to Microcapmillionaires recognize the tremendous opportunity this offer presents, since they witnessed Matt call the bottom on Pier 1 Imports in March 2009 shortly after the three main stock indexes bottomed on or around March 9, 2009. Subscribers saw PIR leap from 16 cents a share to 95 cents a share within a week after Matt recommended it to his subscribers.

Matt often recommends stocks that trade on “Big Boards”, such as the New York Stock Exchange. However he also alerts subscribers to his penny stock newsletter to otcbb or pink sheet stocks that show promising technical chart patterns that often yield large gains.

For penny stock traders to get a taste of Matt’s service, they can sign up for 3 free penny stock picks. If they like the service, it is $ 49 a month thereafter. No credit card is required to receive the free picks. Matt has received many positive testimonials from his subscribers, and many have been following Microcapmillionaires for a prolonged period of time. To sign up for the 3 free penny stock picks go to the following link:

3 Free Penny Stock Picks

As an added bonus, traders who sign up for the 3 free picks also will receive Matt’s free report titled “Bankruptcy Billions”, which details a simple yet exponentially powerful strategy to trade stocks of companies who have filed for bankruptcy.

Matt sends penny stock recommendations on a weekly basis, although paid members receive more

correspondence than those on the free list.

About Microcapmillionaires.com: Microcapmillionaires is a subscription based penny stock newsletter. $ 49 a month is the fee for a paid membership. People new to trading penny stocks often make the mistake of signing up for “totally free” penny stock newsletters. However, much to their dismay they later fall victim to the dismal performance of the “free” newsletter. What traders often fail to realize is that the newsletter that picked the stock was also paid to promote the stock, and the people behind the newsletter really don’t care if the stock goes up or not since they have already been paid. These unscrupulous newsletters are increasing in number, and fool new investors by their claims of acquiring riches through hot penny stocks.

Disclaimer: Never invest money in microcap stocks that you can’t afford to lose.

You can lose all of your capital by trading any stock mentioned.

These stocks are very volatile and gain and lose value quickly.

We reserve the right to freely trade in any mentioned stock/equity.

We are not compensated by any mentioned companies.We recommend stocks based on our opinion of instrinsic value only.

Always do you own research before buying any recommended stock.

###

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Find More Hot Penny Stocks Press Releases

Are you looking for some good penny stocks to invest in this March?  There are plenty of them around and we have selected three in particular you might want to do some more research on.  Of course there is no guarantee these three will pay dividends during March, but they are worth keeping an eye on just the same.

One particular stock which looks promising – and has also appeared in many people’s lists of stocks to keep an eye on – is BYSD.  This stock belongs to the Bayside Petroleum Company.  The last trade for this stock was 0.25, but back in January it was at 0.20 at one point before shooting up to 0.63 per share.  Since it is still popping up in stock recommendations for the penny stocks market, we feel it is still worth keeping a close eye on in case it surges upwards again.

Moving on, let’s see what else could be worth looking at during March 2010.  Watch out for NNLX in the results – this stands for Nanologix Inc.  This climbed steadily throughout 2009 but it traded at 0.49 on the last day of information we have available.  It peaked at 0.62 on November 16th last year, but so far this year it has been quite steady compared to the rise and rise it experienced last year.  This is why it is worth keeping a closer eye on it in the days and weeks to come.  It could be setting itself up for another interesting and profitable period.

Our third selection is IPMN – Imperial Petroleum Inc.  There has been some positive news regarding this company of late, which is why their penny shares are worth a closer look.  Their last trade was recorded at 0.17 per share, but since that was up by more than 20% you can see why we want to see what happens next.

On February 25th the company announced it was buying all of the stock for e-biofuels, LLC, which has obviously had an effect on their own stock.  This is why we recommend keeping a watch on the stock and buying it if you feel it is worth doing so.

These represent just three of the promising penny stocks for March 2010.  There are of course many others which could prove equally or more exciting to watch.  But they should get you started in a positive direction.

If you are looking for the best penny stocks to buy in 2010 then you are thinking in terms of “time” and “investment” . . . and that is just plain wrong thinking when looking to buy penny stocks.

It doesn’t matter if it is 2010 or 2011 or 2012 … the year means nothing because penny stocks are stocks that you trade or scalp quickly.   You don’t hold them through the year.  You don’t hold on to a penny stock and hope to become a millionaire a year or more down the road.  You make your money as quickly as possible and get out.

Having said that you need to understand that trading or scalping penny stocks is an awesome way to make money and make it quickly.  Just always remember you don’t invest in them you trade them.  Let me say that again.   You don’t invest – you trade.  The reason you don’t invest is because they are very, very volatile.   You need to make sure that you are not stuck in a losing penny stock that you sat on until it traded away to zero.

You need to know when to get in and when to get out so you make money and limit your losses as much as possible.   In order to do that and not have to be chained to your computer all day you must come up with a manageable system.   Even if you have a day job and don’t trade for a living you can have a manageable system to enter and exit trades.

You pick a penny stock that shows promise and designate a point when you will buy it.  Then you set your trading account to exit at a designated profit point, maybe at 50% or 100% or more profit.   You also will set your account to sell if it drops to a certain point so that you limit your losses.  It really is that easy.   The point is to limit your risk as much as possible.   Then you go on about your day without the stress of watching your computer screen all day and worrying how your stock is doing.   You’ve already set a pre-determined range of when you will take profits and sell or when you will sell to cut your losses so you can live to trade another day.

You can’t go into penny stock trading thinking you are going to invest for the long term in 2010.  If you want to pick good stocks for 2010 that you can invest in and make money somewhere down the road, then you should look into blue chip stocks.    That way you can hold them through 2010 and beyond and do pretty well although the profits won’t be nearly as dramatic.

Most people trading penny stocks have a penny stock newsletter service that gives them buy and sell signals.    These services also give you the manageable plan to trade penny stocks.

You can get more information on a penny stock newsletter service and to get 3 free penny stock picks here.

When investors buy penny stocks, they need to collect as much information as possible before making an investment. A company’s background and their previous practices have to be considered when buying penny stocks. This is essential so that they make a smart move and make the most out of the penny stocks at hand. Penny stocks are an easy and swift way to earn more profits if the investment is done sensibly. I have compiled some top penny stocks for 2010 which are expected to make investors big return on their investment.

Before making an investment, you must bear some points in mind. Firstly go for those companies with market capitalization that are less than 500 million dollars and then decide to buy penny stocks. Pick up those stocks which belong to a reasonable company, a company with high earning and very low debts. The volume of penny stocks also greatly matters.

One of the top penny stocks performers is LGL group which manufactures electronic components. LGL group’s shares are dramatically increasing and recently, the company traded at a 52 week high of $14.20. LGL group also posted a fourth-quarter profit of 15 cents a share, swinging from a year-ago loss of 5 cents a share.

Next is Federal National Mortgage Association (Fannie Mae) which is a government-sponsored enterprise and supports stability in the mortgage market as it provides mortgages. The value of the company’s penny stocks is expected to shoot high and give you huge returns once you buy penny stock of the company.

Oilsands Quest (BQI) is also considered another top penny stock performer. It showed an increase in value from August to October. However a high risk is attached with Oilsands quest because it has no revenue but the value of its reserves and expected ability to extract such reserves on a profitable basis make it one of the top penny stock performers. As these expectations are increasing because of the higher oil prices in 2010.

Unico is a company which deals in the precious metals mining sector and focuses on the exploration, development and production of gold, silver, lead, zinc, and copper. Unico is already a very active trading stock. It has been as high as $300 per share in 2007 before splitting its stock a few times. A huge potential and gain is expected out of this stock which makes them another top penny stock performer.

Atwood Oceanics is an explorer and has been very successful. The earnings’ estimates of the company have shown a rise previously and resulted in a P/E of 7.5. Atwood Oceanics’ margins have topped 40% too which signal that this company can give huge returns if an investment is made.

A variety of methods can be used by investors when finding the top penny stocks in the stock market. A penny stock newsletter can play a very important role in providing investors with very useful information, stock alerts, stock ideas, trends and list of top penny stock performers. Investors can also use a stock screener to generate a list of stocks based on a variety of criteria.

Stocks Little Changed In Mid-Morning Trading

Stocks have given up the majority of their earlier gains and are little changed in mid-morning trading on Wednesday. The lack of conviction in the markets comes even as data points on both private sector employment and service sector activity surprised to the upside.

A short time ago, the Institute for Supply Management said service sector activity unexpectedly expanded at a faster pace in the month of July.

The ISM revealed that its non-manufacturing index rose to 54.3 in July from 53.8 in June, with a reading above 50 indicating continued growth in the service sector. Economists had been expecting the index to edge down to a reading of 53.0.

Earlier, payroll processor Automatic Data Processing, Inc. (ADP) said that non-farm private employment increased by 42,000 jobs in July following an upwardly revised increase of 19,000 jobs in June.

Economists had expected an increase of about 25,000 jobs compared to the addition of 13,000 jobs that had been reported for the previous month. With the increase, private sector employment rose for the sixth consecutive month.

In earnings news, PulteGroup Inc. (PHM) reported second-quarter net income of $0.20 per share, while analysts expected the company to report a loss of $0.01 per share. Total revenues for the quarter surged up to $1.31 billion from $678.58 million in the prior year quarter.

Media and entertainment giant Time Warner Inc. (TWX) said its second-quarter earnings rose to $0.49 per share, topping forecasts for $0.45 per share for the period. Revenues for the quarter grew 8 percent to $6.4 billion, while analysts expected revenues of $6.20 billion.

Additionally, Japanese automaker Toyota Motor Corp. (TM) said it swung to a profit in the first quarter compared to a loss in the same period last year, helped by 27 percent revenue growth on the strength of Asian sales and demand-stimulus programs in Japan.

After the markets closed for trading in the previous session, Anadarko Petroleum Corp. (APC) reported a narrower net loss for the second quarter, helped by increases in production and the average selling price. On adjusted basis, earnings were well ahead of the analysts’ expectations.

In other corporate news, BP Plc (BP) has garnered some attention after revealing that its well in the Gulf of Mexico is in a static phase and appears to be on pace to be permanently sealed.

The major averages have seen choppy movement in recent dealing and are currently turning in a mixed performance. While the Dow is up 0.71 points at 2,284.23, the Dow is down 2.72 points at 10,633.66 and the S&P 500 is down 0.44 points at 1,120.02.

Gold stocks are among the morning’s best performers, with the NYSE Arca Gold Bugs Index up by 1.7 percent. The upside in gold stocks comes amid a notable increase by the price of the precious metal, with gold currently up $14.30 at $1,201.80 an ounce.

Health insurance stocks are also moving higher on the day, with the Morgan Stanley Healthcare Payor Index up by 2.1 percent. The upward move has lifted the index to a fresh six-week intraday high.

While healthcare provider and biotechnology stocks are also posting notable gains, weakness has emerged among wireless, airline and semiconductors stocks.

Stocks Driven By Analyst Comments

Texas Capital Bancshares(TCBI) is trading higher after being upgraded at Credit Suisse to Outperform from Neutral. The broker cited share valuation as a reason for the ratings change. The stock has gained 2.3 percent, reaching its best intraday price in nearly three weeks.

Meanwhile, Navistar (NAV) is moving lower after being downgraded from Neutral to Underweight by analysts at JP Morgan Chase based on a forecast for a decline in market share. Shares are currently down by 2.7 percent, slipping to a one-month intraday low.

Other Markets

In overseas trading, stock markets across the Asia-Pacific region ended on a mixed note. Japan’s benchmark Nikkei 225 inched sank by 2.1 percent, while Hong Kong’s Hang Seng Index gained 0.4 percent.

Meanwhile, the major European markets are on the upside. The German DAX Index is up by 0.8 percent, while the U.K.’s FTSE 100 Index and the French CAC 40 Index are both up by 0.1 percent.

In the bond markets, treasuries are little changed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is trading at 2.923 percent, posting a gain of less than one basis point.

The Hy Lake Gold properties are situated in the Red Lake greenstone belt of Ontario, host to some of the richest gold deposits in the world. Since the mid 1920s, the RedLake Camp has produced over 23 million ounces of gold, including approximately 18 million ounces from the Goldcorp Red Lake Gold Mines deposit. The belt is recognized for its high-grade, highly profitable gold mines, which include the world class Campbell mine of Placer Dome and Red Lake mine of Goldcorp. SmallCapPower.com is a leading resource for information on small cap investment and micro cap investment. It is an interactive website that includes research and information on hot small cap stocks and best penny stock picks. Visitors at the site find small cap news on small cap growth stocks. As an interactive website with rich investment content and dynamic functionality, SCP brings investors and financial industry professionals together to discover and communicate with small cap companies.

NWM Mining Corporation is a Canadian mineral exploration company focused on the development of the Lluvia de Oro / La Jojoba gold mine located in Sonora in North West Mexico. SmallCapPower.com is a leading resource for information on small cap investment and micro cap investment. It is an interactive website that includes research and information on hot small cap stocks and best penny stock picks. Visitors at the site find small cap news on small cap growth stocks. As an interactive website with rich investment content and dynamic functionality, SCP brings investors and financial industry professionals together to discover and communicate with small cap companies.

Perhaps it’s my experience paying off, but I have been very successful with the Penny Stock Prophet Newsletter. It’s not perfect, but nothing in the world of penny stocks ever is. I’m having gains on most of the trades that I chose to play, and that’s pretty good.

Penny Stocks are NOT a safe investment strategy. Small or Micro Cap Stocks are definitely one of the riskiest investment choices you could possibly make. Penny stock trading is more like gambling than investing. But with extreme risk, comes an opportunity for extraordinary return. That is what attracts people to Penny Stocks in the first place.

You should learn how to, and always do your own research. This is the only way that you will gain valuable experience and grow as a stock trader.

James Connelly is doing real, professional analysis. He is looking at multiple criteria and using a mathematical formula to crunch the numbers. His formula is doing most of the work for you. If you get in the quick picks at the opening bell, and ride the momentum, you can usually escape with a few points.

The long term choices are my preference however and are the ones I would recommend to you. I’ve done rather well with several of these picks.

In the newsletter, and daily alert sheets, he gives you hot penny stocks that have been determined to have opportunity for serious gain. By focusing on a small number of stocks at a time, he is able to isolate specific stocks that have shown the probability of gains in excess of 20%. Some have the possibility of gaining up to 100% or more.

If you are looking for a simple way to pick some winning stocks without doing a lot of real work on your own, the Penny Stock Prophet is one of the best options for you. Of course, you will have to be paying attention because many of his targeted stock picks have quick windows of opportunity to buy and sell; but if you don’t get greedy you can make some gains.

Free Bonus Guide

To help you even more, I’ve created a Bonus Guide that gives you a list of criteria to use to further evaluate the picks in the newsletter. Using the Bonus Guide will give you an edge, but it is by no means a sure thing. Doing the work suggested in the guide will give you experience and increase your knowledge. In turn, this will help increase your percentage of profitable trades when choosing which of the penny stocks to buy that have been recommended in the newsletter.

Learn more at PennyStockProphetBonus.com