Penny Stock, Penny Stocks, Hot Penny Stock, and Hot Penny Stocks Tips and Recommendations:
Posted on 13 January 2012.
When it comes to technology penny stocks, what goes up must eventually come down again. Former penny stocks such as Apple or Microsoft might beg to differ but the general idea is that many highly touted startups ride off into the sunset. A few of them do make the transition from promise into production, however. Here are a couple of affordable plays to keep an eye on in 2012.
After hitting a high of more than $3 a share in February of 2011 and maintaining that price up through August, Emcore Corp, NQ:EMKR, has seen its stock tumble back to a balance point around $1 a share. Emcore is a producer of semiconductor components and subsystems that feeds into product pipelines in the broadband, satellite, and solar power markets. New Mexico-based Emcore has been hard hit by flooding to its manufacturing facilities in Thailand. Yet this meteorological setback has not significantly affected its sales prospects, but rather its ability to supply product. Emcore could be a nice uptick candidate that is available at a very low price, which is the result of factors that have little to do with its actual business performance.
With a 52-week range of $0.74 to $4.63, New Jersey-based Majesco Entertainment makes video games and hardware for the entertainment industry. Currently trading at about $2.50 and with a target in the $4 to $5 range, Majesco has crawled up to the very edge of technology penny stock territory and only keeps its rating on account of its 1-year low price of $0.74. 2012 seems to hold out a lot of promise for Majesco. Several of its newly-released game titles have posted strong sales, including the most recent installment of Majesco’s Zumba Fitness line, Zumba Fitness 2.
Both of these companies seem to have strong prospects for growth in 2012 and seem to offer investors an opportunity to buy technology penny stocks at low levels and sell at emerging stock prices.
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