Penny Stock Companies – Which Ones to Invest In?
When it comes to investing in penny stock companies there’s a lot of confusion, misinformation, lack of financial data and overall high investment risk. Penny stock market is highly volatile, prone to unethical manipulation and down right fraud at times.
So how do penny stock investors ensure that they are putting their hard earned dollars into a solid company with a growth potential? For starters, it’s important to do your homework before you buy into any penny stock companies. OTCBB (Over the Counter Bulletin Board) website is the number one online resource for penny stock companies research providing all the necessary information, financial data and recent news releases. All the penny stock companies that are trading within the OTCBB system must comply with SEC quarterly reports, strict regulations and generally accepted accounting principles. Pink sheets penny stocks, on the other hand, do not need to comply with SEC reporting but still must maintain proper accounting system.
Some other great online resources that are worth checking out for penny stock companies research data are as follows:
– Knobias (literally standing for no b.s.) provides detailed research opportunities and free penny stock analysis tools
– Microcap Markets is a free and reliable website enabling you to connect with other penny investors on forums, recent news releases and penny stock tips
– Qwoter is an incredible site providing a wealth of information, news and charts to help you research your penny stock companies. Make sure to check out their stock spam section explaining how penny stock fortunes scams work and how to avoid them.
No matter which penny stock companies you decided to bet on like, for example, green penny stocks or Canadian penny stocks, make sure to focus on the actual company that stands behind them. If that penny stock company offers innovative, “out of the box” product, technology or services, shows increasing sales and growth pattern, this is the company to buy into.