I'm looking for a good penny stock tip. Always been curious bout these stocks. I'm willing to spend $200 max?

Question

I'm looking for a good penny stock tip. Always been curious bout these stocks. I'm willing to spend $200 max?

Answer 1

I hope you have a brokerage account already established, since most require more than $200 especially if you're only going to invest in a penny stock.

If you want to meet other penny stock buyers visit Stock Wire,Com

http://www.stockwire.com/

Here are some other sites for you

http://www.smallcapinvestor.com/

http://alphaking.com/

http://www.otcstockexchange.com/

http://www.mcapstocks.com/Default.asp

http://www.pinksheets.com/pink/quote/ind...

http://ragingbull.quote.com/cgi-bin/stat...

http://www.swingtrades.com/

They say when you buy securities you have a 50%-50% chance of making money, when you buy penny stocks you have a 50-50-90% chance, 50-50 chance of making money and a 90% chance of loosing money.

Just remember, "a fool and their money are soon parted"

Answer 2

A few penny stock sites I frequent for hot stock tips are...

Penny Stocks Finder, a great site to find which penny stocks are being talked about and/or hyped the most by investors.  Since penny stocks are mostly driven upwards by rumors and speculation, this site proves helpful in keeping on top of what most penny stock investors are hyping before they really start to move. It also provides resources for researching penny stocks such as quotes, charts, etc.

> http://www.thehotpennystocks.com

Another site I like is StockReads.  Its catalogs recent stock newsletters and organizes them by the stocks they mentioned and the stock analyst that is promoting them.  Again, since penny stocks are pushed upwards by hype, this resource proves very helpful.

> http://StockReads.com

Finally, a penny stock blog I like to follow.  The investor that runs this blog scans for penny stocks nightly that have had a sudden spike in volume and upward price movement.  Nice resource to check out which stocks are really starting to move.

> http://www.pennystocksinc.com

Good luck to you, and happy investing!