Penny Stocks List

I have been getting some really great hot penny stocks and tips. Here is what I found:

Muscle Flex, Inc. (OTC: MFLI.PK), a leading edge media, health and lifestyle company, announced it’s expanding its product offerings on BravadaWomen.com. It Oh boy. $GRNH recently announced it received a medical marijuana license in San Diego, CA, and expects operations to begin in the next few months. With it potential and finally becoming legal, it could be a big gainer at the end of the year.

Vivakor, Inc. (OTC: VIVK.OB) conducts research in four primary areas of medical and biotechnological development: molecular medicine, electro-optics, biological handling, and natural and formulary compounds. $VIVK recently announced “new markets” and increase revenue projections for its VivaThermic division. Trading more than 20 times its 3 month average volume, this stock closed up 110.84% on last Friday.

Hackett’s Stores, Inc. (OTC: HCKI.PK) operates a full line department store specializing in brand merchandise and full service hardware products. $HCKI is a sub penny that traded more than 94 million shares on Friday, and has been quite lately as it hasn’t seen news in two weeks.

OptimumBank Holdings (NASDAQ: OPHC) provides community banking products and services to individuals and corporate customers in Broward, Miami-Dade, and Palm Beach counties, Florida. Last week, $OPHC saw positive attention and gains on news that regulators told the bank to raise its capital levels. On Friday, $OPHC moved up about 10%, before closing at $1.20.

Resource Exchange of America Corporation (OTC: RXAC.OB) is looking to become a recycling powerhouse by rolling together companies with asset recovery, processing and brokering ferrous and non-ferrous scrap metal. I am a believer in the green economy, so this looks hopeful.

I have been gathering info from various, trusted sources lately regarding penny stocks. This penny stocks advice will serve you well. As usual take it with a grain of salt and your own wisdom with penny stocks.

My first advice is that please only invest money that you can afford to lose. I mean all of it! Think of it like this… picture that money in a stack in the fireplace and it being lit by fire. How do you feel? If life will go on the same without that money, then you can get into some penny stocks.

Next, be careful of where you get your recommendations from. It is important to do research on how good their picks are and more importantly do your own due diligence.

You sell shares to gain profit as the goal. Selling to avoid losing more money locks you in for a loss but that loss can be a lot smaller than full loss of investment. In the penny stock market you will take a lot of losses and have a lot of runners. What you need to be able to accomplish is let the winners run and maximize profit while dumping the mistake and lessening your losses. Cut your losses and let your runners run and never ever look back.

Selling for a profit is even tough. You may think its easy but its not. Your trading a thinly traded stock with a low float, you make the right call and news comes. The stock takes off and every tick is 30% gained and the amount keeps getting higher. Not selling has been reinforced now the stock begins to dip, if you sell here you lose a percentage of what you could have had, as you hesitate, the stock dips more. You hope it goes back up to the high and don’t sell. This happens all the time. That’s why we never look back. You will sometimes sell at the top and sometimes you’ll miss you can’t look back. Penny stocks are a quick trading game. Sometimes a split second is the difference between a thousand dollar gain or a hundred dollar loss. You need to be able to take quick profits as well as realize when you have the runner. Plan your trade out before time, entry and exit, then remember to trade your plan. Never fall in love with a penny stock.

You may be wondering if penny stock trading is for you. I know I asked myself the same question when I started. Penny stocks are for those investors that have a lot of courage and prepared to take risks in order to get wealthy.  Some will tell you that penny stocks are for dummies or you can’t make money off of them. I strongly disagree. I do agree that these stocks are very risky due include limited liquidity, lack of financial reporting, ease of manipulation and fraud.

Have a scared you yet? Don’t worry you just have to know what you’re doing. That means seeking the advice of a knowledgeable expert as well as doing your own due diligence.  Penny stock trading can give great returns in the long run if careful research and planning has been done previous to buying them. They can be very profitable if you know what you are doing and you know enough to avoid the pitfalls.

I think I can give you two list: who penny stock trading is not for and who it is for….

First- stay away from penny stocks if…

• You are satified with measy CDs that may not outpace inflation
• You like the sometimes slow evaporation of your capital in the Dow Jones
• You don’t have discpline or patience ( you might want to keep your money in the mattress if this is the case.)

You can look into penny stocks if…

• You have invested in commodities, options, or forex.
• You have successfully invested in real estate in the current market.
• Have patience and capital to lose if it goes south. ( none of juniors college funds here buddy.)
• Play poker often.

So do some soul searching before jumping in with both feet or a foot or even a toe. Then research thoroughly and you can be a successful penny stock trade.

Before we develop a penny stocks list, I thought I start my site off by defining what exactly is a penny stock? A search through the Internet will give you several meanings:

“In the USA, a penny stock is a common stock that trades for less than five dollars a share and is traded over the counter (OTC) through quotation”

“Low-priced speculative issues of stock selling at less than $1.00 a share.”

“A highly speculative stock selling for less than five dollars per share.”

“Stocks that trade under R1.00, they are usually high risk and investors can either make a small fortune or lose their shirts. …”

I like the last one the best..lol. But I found that if you want to invest aggressively and not screw around with the less than 8% annual return you get from the Dow Jones,  penny stocks are the way to go.  I say that with caution for as one of my finance professors use to tell us- there no such thing as a free lunch. Risk is directly correlated to reward. Yes you can win big investing in penny stocks, but at the same time you can lose big.

My best advice for you is look into yourself first. Do you have the gun slinger mentality? Can you lose money on a trade and just charge it to the game? As a kid, when you got knocked down- did you get back up or go crying to mommy? Also do you practice self- discipline regularly? In order to be successful in trading penny stocks you need to reinvest your winnings rather that spending that money. Finally, ask how much money can you stand to lose? Since this is high risk, I like to think of the money as if it was a wild night in Vegas- you’re not going home with that money. So you didn’t expect it to be around and thats cool.

So now we know what penny stocks are and later we will learn how to benefit from them by building a penny stocks list.