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Todays is : Wednesday, 08 September 2010
How To Find Penny Stocks To Trade

There are many ways how to find penny stocks to trade. Here are few options that you can do:

1. Follow the stock advisory boards or websites and see what stocks they are recommending. Because so many people are blind sheep, they will jump on a stock merely because somebody that pretends to be knowledgeable recommends it. Lots of folks will buy the stock, forcing the PPS to increase. Often times you can jump in early, ride the stock up a ways and jump off, taking your profit. Many of these sites recommend so called Pump and Dump amd are paid for pumping the stock. But if you are fast enough you can make pretty good money by jumping in and out.

Few of the sites to consider: The Green Baron, Lebed.biz 2nd one is real paid pumper but as I mentioned before you can make very good money if you play smart. If you know that the stock is a Pump and Dump but was not up yet you can buy it and dump it together with the pumper.

2. Subscribe to stock advisory newsletters, to help find stocks that might be moving. The stock advisory newsletters are everywhere. You can do an internet search on the phrase penny stock newsletter, and similar terms. You should find a lot of them to subscribe to. These are good because often times these newsletters go out to hundreds of thousands of people, maybe millions, and as I mentioned above, lots of folks blindly buy a stock based solely on someone’s else’s advice. You can use the same technique to trade these stocks as described above with stock advisory boards.

3. Follow several chat sites to see which stocks everybody’s talking about. Those are the stocks that are usually hot, and most frequently active. Check the sites for the most active threads. There’s where you find most of the users, talking about their favorite stocks at the time. Do not take anything you hear or read at face value though and always make your own buy and sell decisions.

4. Lastly, there are various stock selection and screening programs that you can use to select stocks. You can set dozens of parameters to assist you in finding stocks that are active or hot. Most of these programs you’ll have to pay for. Check them out to see if they’re worth a try.
Few to consider: Equity Feed and Stockfetcher. You have to pay for both of them.
Here is one that is very good and is free: Small Cap Center

 

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