What are good penny stocks for short to mid range?
I have about $500 and looking to make some money but I can’t find any good penny stocks that seem to be worth it. I am looking for something about less than $10 a share under $6 would be great! I have recently bought some more Citi and Gigm but I want something that will give me a good profit! Thanks!!!!
by definition, penny stocks are stocks priced under $5/share that are NOT listed on the major exchanges
no such thing as "good" penny stocks and you are much more likely to lose money with them than make money – they are extremely risky, could be price manipulated by insiders, and the companies are usually losing massive amounts of money, so it would be stupid to invest in them, plus may be hard to sell at the price you want – especially if too many shares are trying to be sold at once (and penny stock trading volumes are a fraction of what bigger companies are) and the price could plunge and your potential gain could turn into a loss by the time all your shares are sold – anyone who claims to actually make money on a regular basis is either extremely lucky, a liar or a paid shill
May 18th, 2010 at 12:54 am
by definition, penny stocks are stocks priced under $5/share that are NOT listed on the major exchanges
no such thing as "good" penny stocks and you are much more likely to lose money with them than make money – they are extremely risky, could be price manipulated by insiders, and the companies are usually losing massive amounts of money, so it would be stupid to invest in them, plus may be hard to sell at the price you want – especially if too many shares are trying to be sold at once (and penny stock trading volumes are a fraction of what bigger companies are) and the price could plunge and your potential gain could turn into a loss by the time all your shares are sold – anyone who claims to actually make money on a regular basis is either extremely lucky, a liar or a paid shill
References :
May 18th, 2010 at 1:15 am
Two pennies that have been beaten down mercilessly:
1. HDY
2. JADAE
The first is an oil and gas exploration company in Houston, Tx. awaiting a presidential signature.
The second is late in filing its quarterly report and people are scared, thinking something terrible is going on behind closed doors. The usual ticker is JADA. The extra "E" establishes that the company has 30 days to bring its SEC filings up to date. I’m sure it will.
I’ve been adding shares daily and hold huge positions being of the belief that both of these will very soon reward me handsomely.
Hint: I specialize in penny stocks as well as Chinese microcaps. I do well.
P.S. Both of these stocks are listed. It is untrue that pennies are not listed. Citi has been listed all along, last year I bought BAC at $4.96 and it was listed.
Len
References :
stock analyst and trader
May 18th, 2010 at 1:33 am
OK…. great idea… ask total strangers, whose qualifications and motives can never be known… where to put your money (in… I might add… the most dangerous part of the stock market). Never mind that most of the people on the web… that act like they know what they’re doing… truly haven’t a clue.
And…. you mention nothing about trading money management needs and position sizing ideas…. let alone the effect of beta on all of these. Did you know that the most successful penny stock traders (over very long periods of time) lose money on 50% of their trades. The key to their success…. is trading money management. how do you calculate your stops? Are you using an ATR or some type of MA or VWAP? Or do you just guess?
Anyway here’s some ideas (keep in mind… there’s a great possibility I’ll make a higher percentage return than you… in fact you could lose money… as I make money…. even though we’re in the same stocks……. think about that.
BPOP
S
FLEX
CERS
CSUN
CNO
BTW: GIGM has heavy resistance at about $3.23. The daily and weekly charts…. are not encouraging.
References :
May 18th, 2010 at 2:23 am
Lots of great answers here. I have one question.
Do you have a set dollar amt that you are willing to lose all or a large part of ? If yes is the answer than I suggest you invest in penny stocks.
My two favorites are
QASP…awaitng the final signatures on bond financing that could propel this to a dollar or better.
HBRM…about to announce several large contracts in Spain, Israel and the USA.
Be sure to do your own DUE DILIGENCE before investing one penny in any security.
Good luck
References :
http://www.microcapreports.com
May 18th, 2010 at 2:30 am
You have come the right place to make money not have any more knowledge on penny stocks. So you need to take good advice to make your future bright.
References :
http://www.hototc.com/
May 18th, 2010 at 2:35 am
Not too long ago I bought a book that can be found at the site below
It’s a very popular book and so far I’ve had pretty good success with it. Good luck, hope it helps!
-Cristianio
References :
http://d3bc4ahdx3zat9hfj3t9l6hl4b.hop.clickbank.net/