Picking High Volume Penny Stocks
Figuring out how to find the best stocks to invest in is quiteeasy. Penny stock picks are lists of penny stocks that companiesthink will be going up in the next few hours, to few months. Agreat example of this is www.pennystockpile.com,a free forum and stock picks website.
Aside from paying companies to do research for you, we’ll giveyou a couple tips on how to do it yourself quickly andeffectively.
The first place to start is something called a filter. Otherpeople may refer to them as stock screeners. The best one forsearching out the penny stocks is www.globeinvestor.com. You cansee at the top the link for the filter. Click that link.Next you’ll want to set the filter to find affordable stocksthat have a lot of volume, this is the key. It’s fine to investin a stock that has low volume, but it will be much moredifficult to sell the shares once you’ve made profits, and evenworse, if you have to get out due to losses, you might not beable too.
If you’re looking for penny stocks, set the filter to look froall industries, all securities but the exchange should be OTCBB.The otcbb is a listing of over the counter stocks that areusually under 5 dollars, some will be much higher but most willbe from one hundredth of a cent per share and up.
Next, set the price greater than $0 that way it will findeverything in the 1 cent to 1 dollar range as well. Change thereport type to “Price Report - Quotes”. Once the list has beenbuilt, simply click on the “VOLUME” link at the top of thereport. It will organize the list by highest volume.
About the author:Pennystockpile.com has been investing online for over two yearsand is now running a forum for penny stock picks. www.pennystockpile.com
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