Find Cheap Penny Stocks
There is no shortcut to wealth.
You are about to find out the best way to find cheap penny stocks.
Then you will realize why that first statement is relevant.
You may already know the fastest way to get a list of available penny stocks is through the finance sections of any major website like Yahoo.
The first thing that you need to do there is set the screening properties.
Penny stocks are listed under companies that have market capitalization of about less than $250 million.
Use this as the amount in the Maximum Market Capitalization.
This search will return a list of about 4,000 stocks or more.
The next step is to show the Valuation of each stock on the results list.
This will generate the Price/Earnings, Price/Book, and Price/Sales ratios for each of the available stocks.
The next step will guarantee that you can find cheap penny stocks that have very low risk and very high rewards.
If you are able to do this, then you will definitely have an edge against most investors in the market.
Start with the first stock on the results list.
Systematically, assess the financials, insider trading, and business description of the company.
Dig deeper into the company's SEC filings like their 8-K, 10-Q, and other statements.
If a company website is provided, go and take a look at it.
Do this for each and every one of the stocks that are in the results list.
This may be a long and tedious process however if you do this with diligence, you will be rewarded when you find a cheap penny stock that also makes you a lot of profit.
Look for companies that are reasonably good businesses yet are trading their stocks at cheap prices.
These companies usually don't get all the attention that they deserve but are the ones that have the most potential to rise to a much higher price in a short period of time.
This is the best and safest way to find cheap penny stocks that are worth your investment.
It may sound like a burdensome or overwhelming task but if you just find that one great penny stock that can make you a lot of profit in a short time, then it's definitely worth it.
Investors who are diligent and patient are often the ones who are able to grab the greatest opportunities in the markets.
You are about to find out the best way to find cheap penny stocks.
Then you will realize why that first statement is relevant.
You may already know the fastest way to get a list of available penny stocks is through the finance sections of any major website like Yahoo.
The first thing that you need to do there is set the screening properties.
Penny stocks are listed under companies that have market capitalization of about less than $250 million.
Use this as the amount in the Maximum Market Capitalization.
This search will return a list of about 4,000 stocks or more.
The next step is to show the Valuation of each stock on the results list.
This will generate the Price/Earnings, Price/Book, and Price/Sales ratios for each of the available stocks.
The next step will guarantee that you can find cheap penny stocks that have very low risk and very high rewards.
If you are able to do this, then you will definitely have an edge against most investors in the market.
Start with the first stock on the results list.
Systematically, assess the financials, insider trading, and business description of the company.
Dig deeper into the company's SEC filings like their 8-K, 10-Q, and other statements.
If a company website is provided, go and take a look at it.
Do this for each and every one of the stocks that are in the results list.
This may be a long and tedious process however if you do this with diligence, you will be rewarded when you find a cheap penny stock that also makes you a lot of profit.
Look for companies that are reasonably good businesses yet are trading their stocks at cheap prices.
These companies usually don't get all the attention that they deserve but are the ones that have the most potential to rise to a much higher price in a short period of time.
This is the best and safest way to find cheap penny stocks that are worth your investment.
It may sound like a burdensome or overwhelming task but if you just find that one great penny stock that can make you a lot of profit in a short time, then it's definitely worth it.
Investors who are diligent and patient are often the ones who are able to grab the greatest opportunities in the markets.
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