OLPW - 2100% LEXG - 2550% NSRS - 1100% IVVI - 6500% CPMCF - 2050%
Wow! Massive returns! Over looked little treasures, penny stocks are still lucrative, untapped, hidden gold mines! OTC (Over The Counter) penny stocks are often advertised and promoted as millionaire makers. In fact, I have never seen the NASDAQ or NYSE come close to matching the percentage returns shown above. Literally, a fortune can be made out of pennies! Find the hidden gold mine and riches will be yours.
Penny stocks are generally defined as those under $5. The over the counter and pink sheet stocks often are valued in fractions of a cent, some all the way down to 0.0001 cent levels. Many are start up companies still trying to developing their product. The gems are small slowly growing companies with a good, solid product or service that have not "broken out" into the mainstream yet.
Unfortunately you will have to sift through hundreds of sham companies and poorly run companies that will never make it to the big times. Given time most of these will probably end up in bankruptcy. This coupled with some antics of lets say some not very ethical stock pickers can make the OTC and Pink Sheet markets very risky investments.
If a picker or advisory service is used look for one that offers free trial periods, will show you their track records, and show their percentage of gains and losses. Also try to find someone that has been established in the business for a while.
The best protection against a bad investment is once your stocks are select exercise some due diligence and research your picks. Look for how long the company has been in business, its management team, cash on hand, cash flow, how long have they been generating a positive revenue, and the cash to dept ratio. These indicators will give you a good picture of whether to invest or not. Almost forgot an important item. Make sure your stock has pretty good trading volume. You don't want to see your price rise up nicely and not be able to exercise a sell because the stock is not liquid.
To trade in OTC stocks you will need a broker. When looking for a broker make sure they allow OTC and Pink Sheet trading, as some will not permit activity in these markets. Scottrade, Schwab, Etrade, and Zeeco, at last reports, allowed penny stock trading.
Last but not least, when your ready to dive in to your prospective gold mine only use money you can afford to lose. No matter how much research is done it's always a high risk gamble. So don't use any more money then you would take to Vegas or Atlantic City.
So get excited and get some picks from some reputable services. Practice due diligence and research your choices well. Now for the fun part, take some expendable cash and go do some gold mining. Enjoy, have fun and profitable good luck.
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