Posted on 13 August 2012.
A penny stock blog is a great resource for investors. A blog is an improvement over newsletters and alerts for several reasons. You can establish some confidence in the writer of a penny stock blog over time. This is important because so many penny stock alerts are just hype. Taking their advice is always a nerve-wracking experience.
Once you find a quality penny stock blog, though, you begin to feel a little more confident in following its recommendations. These blogs can do more than just tell you which stock to buy. They can warn you about a stock that is coming off a low and tell you about the strength of the technical resistance it faces. They can also tell you about the success stories of particular investments in order to inspire you.
A good penny stock blog can also remove the hype that surrounds certain terrible stocks. Instead of drawing you into these stocks under false pretenses, a good penny stock blog can warn you away from them. Always look for a list of terrible penny stocks when you visit one of these blogs. Make sure that you are not holding one of them.
You must always tread lightly whenever you encounter a new source of news and data about penny stocks. Go slowly with a penny stock blog that you have never read before. When you do follow its advice the first time, make a conservative investment to test the quality of this advice. Some of these blogs are covers for schemes, just like some alerts. Once you do find a good penny stock blog, count yourself lucky.
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