Penny Stock Picks – When to Get In – When to Get Out
Picking any stocks is a tricky business but penny stock picks can be the most tricky of all. The low cost of entry allows for wild percentage swings in value. So some penny stock picks can increase over 400% in value in a short time while traditional stocks rarely if ever get that kind of return.
As a result, penny stocks can be a great way to invest or get started investing. You can get into the market with much less financial risk than traditional stocks. However, as with any investment is pays to do your research. Needless to say you are in this to make money so you will want to make the best penny stock picks you can.
Here is one of the best tips for making money with your penny stock picks. First of all as stated above, do your research. If you can find a stock where this is some unexpected good news about a publicly traded company then its stock is bound to go up significantly. Make certain that what you are hearing really is unexpected good news. If the announcement is something that the industry and the analysts all new was coming then it won’t have much impact. Please also make sure the unexpected news is good news. Very often unexpected news is bad. But if you here that the FDA just approved a treatment for Alzheimer’s that everyone thought would still be in test for 3 years then that is unexpected and good news for the company making that treatment.
Now you want to know what to do when this sort of thing happens. When you hear the announcement the price will already have gone up! The market will have closed before you can jump on it. So, the next day you wait until the stock starts to climb again. This will probably happen around 9:37AM Eastern time. The stock will go up until it starts to fluctuate. Now, is the time to sell. This will probably be somewhere between 10:10 and 10:20AM Eastern time.
You can check this out for yourself. Go and get yourself a live intraday graph. Watch this pattern yourself for 10-20 times. Then you should be ready to make very profitable penny stock picks yourself based on this pattern that happens over and over again every trading day.
Penny stock picks are a great way to earn some extra cash quickly. Click Here if you would like to get more inside information on how to make the best penny stock picks
Tags: Penny, Picks, Stock
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- Mar 17 Sat 2012 20:18
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Penny Stock Picks – When to Get In – When to Get Out
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