Posted on 02 January 2012. Tags: find penny stocks
You have probably heard a lot about the potential of penny stocks without hearing any good advice on how to find penny stocks that will bring you returns rather than losses. The key to the search for penny stocks is research. There are a number of lists, newsletters and alerts out there to assist you in your efforts, but making money with penny stock shares really comes down to your own ability to discover critical information about the companies behind these equities.
Penny stock lists are one source of information in this endeavor. However, when you start your search for low cost stocks, you have to weed out the bad lists that exist just to hype certain examples of stocks. This may take some patience but you do not want to find penny stocks that are just going to flop and take your money with them. Use a list as your starting point.
You can also find penny stocks in a pretty pedestrian environment. Go to the finance page on Yahoo’s website and use their stock screener. This screener will allow you to narrow down your choices according to market capitalization. You may end up with a list of names that has thousands of items on it.
However you get your list of stocks, find penny stocks that will serve as good investments by researching each of them. This is the boring but essential part of the job that you must endure if you want to be successful in this part of the stock market. No one has ever made money in penny stocks by simply throwing money into random companies and hoping for the best. If you want to find penny stocks that will give you great returns, be prepared to do some reading.
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