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Many investors turn to online, print, and broadcast media for information to help them pick stocks and develop and investment strategy. These resources provide investors with expert advice and analysis, and keep investors on top of trends and ahead of the curve. Identifying which penny stocks are a solid investment and a top pick can be a little more challenging. A penny stock investor may need to string together information from a number of different sources and sites before he or she has the “big picture”. Without the advice and counsel of a broker, the first place many investors look for a hot penny stock pick is the internet. There are a number of websites dedicated to providing penny stock investors with the most up to date information and research about a company’s finances, business plans, challenges and opportunities. These websites give users a daily update on penny stock trends and usually provide a list of “hot” stocks and sure things. The best feature of these websites is access to chat rooms and discussion forums. In these chat rooms and discussion forums, investors can talk with and learn from other investors. Users are able to ask and answer questions about companies, stocks, and trends. Some sites encourage investors to post their portfolio, so users can see what penny stock pick these experts have followed through on and purchased (or sold). Of course, most stock analysts recommend investors pay strict attention to the position of a penny stock trader’s advice. The penny stock market is sometimes subjected to investor fraud and scams, so investors should be advised to conduct some independent research. Other financial sites, like Google Finance, Yahoo Finance, CNN Money, or CNBC are also good resources for penny stock picks. While still rebounding from a less than stellar reputation, penny stocks are becoming more acceptable investment alternatives. These websites are devoting time and space to articles about penny stock investment and offering occasional penny stock picks. If you find an analyst who seems to echo your own thoughts and feelings, or seems to have a particular hot hand, you can set up email alerts so you know when he or she has made recommendations. Utilizing social media is another way to stay on top of and trends. You can fan, friend, or follow a number of experts for the most updated information. If a company was once listed on one of the major exchanges, it is still required to file quarterly earnings reports with the Securities and Exchange Commission (SEC). These filings are good sources of objective and unbiased information. The official NASDQ website also provides some good basic information about penny stocks and how to find reliable penny stock picks. Finding trustworthy and profitable penny stock picks takes some time and research. Once you find a source you trust, be sure to consult it on a regular basis. Solid penny stock picks combine some common sense, industry expertise and knowledge, and an ability to identify y and analyze stock market and business trends. Are you looking for more information regarding penny stock picks? Visit http://www.smart-investing-in-stocks.com/invite.html today for more information!
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