All Penny Stocks
Top Penny Stocks For 2010
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.
About the Author
Anyone can trade penny stocks. To find out more information and learn the secrets to finding top penny stocks to build a solid income, visit http://howto-buy-pennystocks.com and learn how to buy penny stocks today!
Why can’t CNBC have a show on penny stocks?
Where they talk about the latest OTC stocks and all. Why do they just have to cover stocks that nobody can afford?
Because you shouldn’t trade penny stocks. While one in a thousand may hit it, the other 999 or so will lose you a ton of money.
Penny stocks are like gambling, except the odds with penny stocks are generally much worse!
The best way to consistently make money in the market is to learn how to trade. How to pick stocks, when to buy them and when to sell them.
Check out some of my other answers if you want details on this.
Anyways, that’s the main reason for why there’s no show on it. It would not be fiscally responsible of CNBC to do.
As for affording stocks, you don’t have to buy 100 shares at a time. You can buy 10 shares of AAPL and hold it or 1 share of GOOG, etc.
Learn first, then invest!
List Of All Penny Stocks That Will Double Tomorrow
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