Your Questions About How To Invest In Penny Stocks

Mark asks…

What Are The Best Penny Stock Pick Web Sites?

What web site can I use to find the best penny stocks to invest in? I want something that I can see the company’s history, stock news, and who they work with. I didn’t know too much about penny stock investing but I want to learn.

John answers:

While “best” is a subjective term and there is no true answer, I’ve been blogging about penny stocks for five years and i’d be happy to share my favorite penny stock websites.

Http://www.OTCBB.com is the homepage for the OTC Bulletin Board. Here you can find information about every stock trading on the OTCBB. I also use this site to get market statistics on all OTCBB stocks, such as “Most Active By Share Volume”, “Daily Gainers”, “Daily Losers” and “Performance By Price Level”. Another useful feature of www.OTCBB.com is to search for “Key Triggers” such as SB-2 filings and reverse mergers. This allows me to discover new public-companies in real-time.

Http://www.PinkSheets.com provides information about over-the-counter securities quoted on either the OTCBB or pink sheets. I use this website in a very similar fashion to www.OTCBB.com. I search for “Symbol Changes” and “Company Name Changes” for stocks quoted on the pink sheets. The site also works great for price quotes (delayed), company filings and short interest. You can also use www.pinksheets.com to create a list of every stock quoted on the pink sheets.

Http://www.CollegeStock.com is a self-proclaimed penny stock school that discusses current penny stock movers, penny stock news, penny stock promotions and more to registered students. The website also provides Class Trip(TM) Stock Market Documentaries that showcase video footage of the operations, management team and industry for featured penny stocks.

Http://www.TimothySykes.com is a popular financial blog written by Timothy Sykes. He’s an internet celebrity for turning $12k into $2 million by trading penny stocks. He still trades penny stocks and blogs about all of his trades. The website also offers instructional DVDs on different penny stock trading strategies.

Http://finance.yahoo.com is another good source of information about penny stocks. While other financial portals do not publish information about stocks quoted on the OTCBB and/or pink sheets, finance.yahoo.com publishes data on all U.S. Securities.

Chris asks…

What is a good website to find out more about microcap stocks?

I am interested in investing in microcap and i want to know the name of some good websites. I’d also like to know some good online brokers that will let me invest in these penny stocks.

John answers:

These ones are pretty good to find stocks.

As far as online brokerages, depends on the kind of account and how frequently you will trade.

Jenny asks…

What penny stock are you investing in and why?

I’ve seen the potential for huge profits in some penny stocks looking at just one month (best noticed was 1,700%) of history but am too afraid to pull the trigger on any cause I don’t know crapola about investing.

John answers:

Penny stocks are too risky. I’d just go for a no load mutual fund.

Lizzie asks…

What are the best type stocks to purchase?

I want to buy my two grown sons $100 of stock each for a Christmas present. Can someone advise me where to start? Is this a good idea? I just thought it might be a good way for me to do my part to stimulate the economy. I was going to invest in Penny Stock, but I read that was the ultimate NO-NO! But I want my sons to have the opportunity to buy/sell/trade to gain experience. (experience that I don’t have)

John answers:

The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.

That’s the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won’t lose money. It’s just that these stocks are the best. They pay good dividends too.

Nancy asks…

What is a good penny stock to invest in?

I am researching a few penny stocks and want to know if anybody has had success with penny stocks. Which is a good stock to invest in?

John answers:

More trouble than its worth.

Even if you average cost across the companies. You will win 300-400% with one, but tank with others.

Research “Blue-Chips” stocks and then from their expand your knowledge base of sectors etc…

Again, TRUST– penny stocks are faux-stocks in most serious investors eyes.

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