Pennies From Heaven
4/18/2009 7:55:31 AM
Here
are 23 stocks below $1 that have huge potential to rally...
Good Morning Traders - here's this week's Explosive Stock Alert, where we discuss an underlying move in penny stocks... To follow along, you can sign up through the link below. Subscribe For $9.95/Month
In 2002 and 2003, we were in a similar place. Liquidity absolutely left the market and left many stocks in the single digits - and even pennies...
But when liquidity returned, so too did many of these stocks. Some of them shot from 30-cents to over $9 - and that same stock is on this list today - can you name it?
Penny stocks are not for the light hearted, and they're not a place to park all your money. But if you have a little risk capital and want to play a stock that can to up a few hundred percent in a matter of a few weeks - then these are for you!
What to look for? As the market re-inflates with liquidity, these stocks will tend to make symmetrical moves back up to where they were before the crisis. For some of these, that's a significant move.
Do I own some penny stocks? You bet I do. I try to balance my portfolios with conservative and risky investments. So in one of my accounts, that earns me dividends - since I don't need dividend payments at this point in time, I take those dividend payments and buy penny stocks. When this enviroment is done, I'll go back to reinvesting my dividends back into dividend paying stocks...
Here's the list - let me know if you have any questions. Off to teach a course this morning on stock trading...
Enjoy your weekend!
Regards,
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Author: Jay DeVincentis
Jay DeVincentis
www.stockbarometer.com
Investment research Group,
Inc.
Jay DeVincentis is President of Investment research Group, Inc. and founder of www.stockbarometer.com. Jay worked as an executive in the financial services industry for over 21 years and left to form his own company in line with his passion, the financial markets. Jay Graduated from the University of Massachusetts, Amherst, MA with a Mechanical Engineering Degree. Jay has been advising his clients what to buy and when for over 10 years. He is a market timer, a stock trader, a day trader and a stock investor and also conducts online stock trading classes.
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