Penny Stocks to Watch
Friday,
Nov 14
Nov 14
The penny stocks to watch can be a concern if you are an investor. Penny stocks are sometimes also called nano caps, small caps, and microcap stocks, but SEC defines a penny stock by the share price of the stock rather than the market capitalization factors. In the United States, sometimes the phrase penny stock will be used to refer to stocks that are trading on the outside the big exchanges, like the NYSE, AMEX, and NASDAQ. Penny socks can cost more than a penny, and usually a penny stock is considered a stock which costs five dollars or less for a small company that is speculative, and this is also the definition given these stocks by the SEC. Because the price of these stocks is low, the chance for a big profit can be realized from buying penny stocks, but there can also be the potential for loss because the companies are small and may not be well known.
There are some penny stocks to watch, because they have great potential and a low price that makes them inexpensive. Two of these stocks are Sunergy Inc, ticker SNEY, and General Metals Corp., ticker GNMT, for a very good reason. These two companies have entered into an agreement concerning the acquisition by Sunergy of the Nyinahin Mining Concession, which is owned completely by the General Metals Corporation and is located in the area of Ghana in West Africa. This will allow Sunergy, Inc. to explore and mine for diamonds, gold, silver, and base metals at the location. These two companies are a good choice for penny stocks you should watch, with both companies trading at less than one dollar per share, and if exploration is successful these share prices could go up significantly.
Another penny stock you may want to keep an eye on is Hayes Lemmerz International Inc., ticker HAYZ, which is traded on the NASDAQ exchange. This company is a global supplier and an industry leader concerning highway wheels, both commercial and automotive. This stock is a little over a dollar per share right now, but the company is poised to possibly take off, with a strong structure and competent management. The company employs over seven thousand people around the world and has twenty two facilities, so you may want to watch this up and coming penny stock closely.
The Skinny Nutritional Corporation, ticker SKNY, is another penny stock that shows promise. The company has reached a distribution agreement with Snapple distributor Seaview Beverage, which has a network that consists of more than fifteen hundred retail accounts, to distribute Skinny Water. This product can be found at more than twenty five thousand retailers and growing, and this makes the seventeenth distribution agreement Skinny has made since May of this year. This stock is one to watch, because you never know how far up it may go, and the trading price of ten cents per share make it an inexpensive choice that could end up being very profitable if the product continues to gain popularity.
After the presidential election win of president elect Barack Obama, who has said that alternative and renewable energy sources are a priority, one penny stock that will be interesting to watch is Earth Biofuels, Inc., ticker EBOF, which is listed on OTC. At thirty cents per share right now, if the new president holds to the commitment of cleaner energy and power, this stock could end up rising substantially. You may want to buy as well as watch, so that you can get in on the ground floor before the price goes up. This stock is not a sure thing, but the winds of change in this country, and around the world, could make biofuels a big consideration in the near future, and companies that are set up to help this agenda should do very well.
The Skinny Nutritional Corporation, ticker SKNY, is another penny stock that shows promise. The company has reached a distribution agreement with Snapple distributor Seaview Beverage, which has a network that consists of more than fifteen hundred retail accounts, to distribute Skinny Water. This product can be found at more than twenty five thousand retailers and growing, and this makes the seventeenth distribution agreement Skinny has made since May of this year. This stock is one to watch, because you never know how far up it may go, and the trading price of ten cents per share make it an inexpensive choice that could end up being very profitable if the product continues to gain popularity.
After the presidential election win of president elect Barack Obama, who has said that alternative and renewable energy sources are a priority, one penny stock that will be interesting to watch is Earth Biofuels, Inc., ticker EBOF, which is listed on OTC. At thirty cents per share right now, if the new president holds to the commitment of cleaner energy and power, this stock could end up rising substantially. You may want to buy as well as watch, so that you can get in on the ground floor before the price goes up. This stock is not a sure thing, but the winds of change in this country, and around the world, could make biofuels a big consideration in the near future, and companies that are set up to help this agenda should do very well.
37 Responses to “Penny Stocks to Watch”
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A simple tip for finding good penny stocks – make a list of the major panny stock forums and join them! You can get so much good information over such a medium. Beware, though, that you need to weed out the occasional penny scammer who is on there as part of a pump and dump scheme.
December 28th, 2010 at 1:27 pmYou are unlikely to find a penny stock broker company which charges less than ChoiceTrade, and gives good service. I have done a lot of research into this over the years, and have come to the conclusion that if you are happy with your broker and the fees are reasonable, its not worth moving, as there are so many bed eggs out there and you might get unlucky…
December 28th, 2010 at 1:24 pmI use ChoiceTrade as my broker. I have had a positive experience with them, and their fees seem reasonable. However, I will be looking round to see if I can find a company with even lower fees. Any ideas?
December 28th, 2010 at 1:21 pmFinding the right penny stock broker is a key moment in penny stock investing. Many of them are very greedy and cut heavily into your earnings. Make sure you do your research and get this right!
December 28th, 2010 at 1:19 pmThanks for advice.
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