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Is It Possible To Get Rich In Penny Stocks

Jun 4, 2008
Have you ever seen a penny stock go from single digits upto 3 figures plus? You only need to get rich once trading in penny stocks To get the most wealth out of your penny stock investments, it's important that you pick up information about certain companies before the news hits the primary media stream.

As soon as buzz is generated about a company, the price of the penny stock soars until it no longer falls in the category of penny stocks at all. So how do you get this kind of information if the media isn't disseminating it to the public yet?

The first thing you can do is research on your own. Penny stock companies usually post their financial data for investors to find, even if they're not being blasted over the airwaves just yet.

You have to become an investigator of sorts and figure out which companies have the best opportunity for you to profit from an investment of their penny stocks. Sometimes you'll get wind of a small news item where stocks aren't even mentioned and it gives you just enough information to leverage an investment of penny stock before the company starts heavily promoting their stocks in connection with the news.

Penny stock companies post there profit loss balance sheets on the net for all to see. It's important you get in and look at this before the mutual funds pick it up. You have to apply knowledge, common sense and wisdom to each individual penny stock. No technical analysis or system can do this for you. Sometimes you'll get wind of a small news item where stocks aren't even mentioned and it gives you just enough information to leverage an investment of penny stock before the company starts heavily promoting their stocks in connection with the news.

Getting rich as an speculator of penny stocks means you have to do a lot of speculation and guesswork.. Some investors prefer to wait and see what will happen with a company before they buy stock.

Creating wealth in penny stocks means doing your due diligence and then acting on it with total commitment.. Some investors prefer to wait and see what will happen with a company before they buy stock.

This kind of approach nullifies the opportunity they have to take advantage of the low stock cost, because once investors know for sure that a company is on the rise, everyone will be scrambling for a share and the stock prices will rapidly shoot up.

A method to keep in touch with the latest penny stock information is to be an avid reader of penny stock forums and gather a network of traders you can trust. Always make sure you do your own investigation into the company as well, but having other investors with a like-minded attitude can help you learn what to look for before shelling out too much money as a unwise.
About the Author
Momentum Stock Trader http://www.stressfreetrading.com
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