Everyone is looking for hot stock picks. Regardless of whether you are a long term investor looking to build and sustain wealth, or a penny stock investor looking to turn a quick profit over the short term, finding solid and trusted advice about your portfolio is the key to a successful investment strategy. While long-term investors prepare for the inevitable up and down turns of the market, penny stock investors are looking to buy and sell their stock quickly, they are all looking for companies to do well. |
Long term investors can depend on the mainstream and financial, as well as their own broker’s expertise to help them identify, analyze, and purchase their stock. Penny stock investors are often trading with a broker and the support his or her firm will provide. This forces penny stock investors to identify, research, and commit to the stocks on their own.
Traders use the term penny stock when discussing stocks that trade at a minimum volume level or below $5.00 a share. Companies trading penny stocks may be having a financial crisis that has caused it to be delisted from major exchanges, or the companies may be new companies, looking to test the level of investor interest. Regardless of the situation, the penny stock market can be riskier than the traditional stock market and finding a penny stock forum to discuss and debate the merits of the stock is important.
The first place many investors look to is the internet. Many websites offer daily information and analysis of the hot stocks of the day. You will also find a complete listing of penny stocks currently being traded and what their activity was yesterday. These sites are a great place to start investigating penny stocks. Most of the time this information is free, although you may have to submit your relevant contact information, like name, phone, and email address, to access it. The biggest advantage of these websites is their direct and immediate access to other penny stock investors. The online penny stock forums and chat rooms allow investors to learn with and from each other, swapping stock tips, successes, and challenges. Many of these penny stock forums also provide you with a access to some of their most successful investors’ portfolio so you can judge their success for yourself. You must proceed cautiously, however. Stock manipulation by investors and marketers can be a problem. Be sure the analyst or investor makes his or her position clear on any given stock. Penny stock traders are at risk for falling for fraud brought on by analysts over hypoing a stock, and then short selling his or her position, causing the company’s value you crumble. This information should be available on the site or on the penny stock forums.
Third part sites, like MSN money, CNBC, and Google Finance also offer discussion forums. You can check in with other investors and keep track of trends for both the blue chip and penny stock market. Creating a community of investors through penny stock forum is one way to keep the trading legitimate.
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