
What penny stocks are a good investment?
I have a couple thousand dollars I’m willing to invest. Does anyone have any tips for a good investment??
Look for companies with sideways trends-(sideways trends indicate a strong supply/demand) that have been in business for at least 5 years. Do your research on the company. If all of the conditions seem good go for it! If money can’t be made off penny stocks then why do we have them? Because they do make money! You just have to really do your research to make sure you’re investing in the right companies.EG: company news letters, company projects, company’s location, number of years in business, products or services they deal with(ask your self,is there a demand for this service or product the company produces? And if there is, will they be able to meet the level of supply needed for that demand. These are some examples of what is called fundamental research.
Raymond James’s McMahon Likes Financial, Energy Stocks
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