Awesome Penny Stocks to Buy Now
As the year comes to a close, it has been a good year for penny stocks if your timing was right. Penny stocks dance to a different tune than regular stocks. Hype, volume and news releases have much bigger impacts on the microcaps than on bigger stocks. Finding a good penny stock newsletter and following their advice rapidly and carefully can lead to impressive gains. My favorite newsletter is Penny Stock Prophet by James Connelly. He consistently makes good picks and times purchases and sales very accurately. His newsletter provides lots of good research and he has made some excellent picks in gold stocks and biotechnology stocks. The newsletter sells for $97 a year and comes with a money back guarantee. The key is to buy the stock before it jumps and use limit orders so you don’t get hosed on the trade. Connelly uses the Psychological Support Principle for analyzing stocks and for finding stocks that are getting ready to make an upward move. Add in 4 other technical factors and Connelly has a superb track record of picking winners.
Some awesome penny stocks that were recently recommended by the newsletter are: Leading Brands Inc. Lyric Jeans, Global Agri-Med Technologies, and Spare Backup Inc. A new pick is Lone Star Gold Corp. The company is engaged in the acquisition of properties and the mining and development of these properties in the United States and Mexico . The company acquires gold, silver, zinc and lead and any other precious metals from the properties and exercises strict environmental controls on their operations. With the high price of gold, even small deposits on these properties can turn into big profits. The company minimizes risk by doing joint ventures with other companies. As they build up assets, they will take a more aggressive development approach. The stock is currently at 70 cents and has made several runs to the one dollar range. Future projections are for $5-$6 range and the stock has been mentioned as a possible acquisition candidate.
Awesome penny stocks can be found doing individual research but it will probably take longer to make money. By using a newsletter, you can get in ahead of the crowd. The stock will usually have a volume spike, thus drawing more investors and increasing your profits. However, you can also easily be burned, so start small and get some experience.