Dec
12
The Next Million-Dollar Penny Stock
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I found this on The Motley Fool Website which I thought it was pretty interesting. I decided to share it with you all readers. The title of the article is The Next Million-Dollar Penny Stock.
Need proof? Every one of these multibaggers was, at one time, a penny stock:
|
Company |
Recent Price |
CAPS Stars (5 Max) |
Five-Year Return |
|---|---|---|---|
| GMX Resources (Nasdaq: GMXR) | $23.84 | *** | 1,590.8% |
| Questcor Pharmaceuticals (Nasdaq: QCOR) | $9.30 | *** | 1,424.6% |
| Covanta Holding (NYSE: CVA) | $21.58 | **** | 598.4% |
| AK Steel (NYSE: AKS) | $9.76 | *** | 152.2% |
| Vimpel-Communications (NYSE: VIP) | $9.50 | **** | 114.9% |
Sources: Motley Fool CAPS, Yahoo! Finance.
The promise of outrageous returns is why some of the world’s best stock pickers are, at times, penny-stock investors. Peter Lynch has and still does enjoy the stock market’s supercheap seats. The Royce Low-Priced Stock fund has beaten the market for a decade by betting on stocks trading near or below $10 a share, such as Silver Standard Resources (Nasdaq: SSRI).
Even the All-Stars in our 120,000-plus Motley Fool CAPS community take to penny stocks. More than a few have been richly rewarded. So why don’t you invest in penny stocks? I suppose because the SEC has warned us about them. But what if we take the agency’s definition literally and limit our choices to stocks trading between $1.50 and $5 a share, and limit our choices to four- and five-star stocks whose market cap doesn’t exceed $2 billion but is at least $250 million? Surely our new CAPS screener would return some winners, right?
Click here to read more.
Quote of the Day:
Happiness equals consumption divided by desire. – Paul Samuelson, in his famous economics textbook
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9 Responses to “The Next Million-Dollar Penny Stock”
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would any one have some tips for a very novicetrader to find that great stock purchase and a recommended site to make purchases from.
I cannot believe my success with penny stocks. Stock trading is something I never saw myself doing, but after my friend signed me up for this free newsletter, I got interested. I tried one small investment 3 weeks ago, and it went okay, so I invested a little more. I have doubled my money since! I can’t believe it. It is perfect timing too! Mike, I am too novice like you, you should try looking at this site for advice like I did, http://www.bullrally.com.
Nice article. Appreciate your thoughts on The Next Million-Dollar Penny Stock : Blogpennystocks anytime. I’m personally interested in stock investment tips
BMGP is a low float stock – about 30 million shares in the float – that you guys will want to keep on your radar. Things are already beginning to happen as we saw a 77% increase this week alone. A little DD:
About the company.
http://www.youtube.com/watch?v=Uap1LXo8mKM&feature=player_embedded
Collaborations with Los Alamos National Laboratory.
http://www.lanl.gov/news/releases/unique_lanl_pathogen_detector_gains_corporate_partner.html
New acquisition last week – Biomagnetics Announces LOI to Acquire Lanzhou Sanhuan New Technology-First of Several Acquisitions Targeted at $1.00 BMGP Share Valuation
http://finance.yahoo.com/news/Biomagnetics-Announces-LOI-to-bw-3512866051.html?x=0&.v=1
This will also be an investors conference call happening shortly. A good chance for everyone to listen in and learn about the recent business developments.
Very good post. volatile penny stocks I’ve found your site and I’m really glad about the information you provide in your articles.Thanks for sharing.
Hey Mike, check out penny stock tips and market psychology for some good penny stock tips.
StockGem, you play penny stocks off the news? It’s great to find stocks that people have pointed out like you, set them on a penny stock alert for news and wait for the fish to bite.
I use news found in the stock market today to make big plays off these volatile penny stocks… It’s risky but if you develop a good strategy the reward outweighs the risk. Example, I might lose 5% 4 or 5 times in a row… but I WILL hit a 20%-200% which makes up for the 5%’s… specially when we are talking a grand or so in these babies. Sometimes you’ll hit a few 20%-200% or more in a row… basically play your odds when it comes to the news and you’ll be gold.
Is there any investment company like ,penny stocks, in market?I think it is the best.
ENTB
Getting profit in the penny stocks are not very difficult. In fact, it can be surprisingly easy if you know the analysis.
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