4/18/2009 7:55:31 AM
Here are 23 stocks below $1 that have huge potential to rally...
Good Morning Traders - here's this week's Explosive Stock Alert, where we discuss an underlying move in penny stocks... To follow along, you can sign up through the link below. Subscribe For $9.95/Month
In 2002 and 2003, we were in a similar place. Liquidity absolutely left the market and left many stocks in the single digits - and even pennies...
But when liquidity returned, so too did many of these stocks. Some of them shot from 30-cents to over $9 - and that same stock is on this list today - can you name it?
Penny stocks are not for the light hearted, and they're not a place to park all your money. But if you have a little risk capital and want to play a stock that can to up a few hundred percent in a matter of a few weeks - then these are for you!
What to look for? As the market re-inflates with liquidity, these stocks will tend to make symmetrical moves back up to where they were before the crisis. For some of these, that's a significant move.
Do I own some penny stocks? You bet I do. I try to balance my portfolios with conservative and risky investments. So in one of my accounts, that earns me dividends - since I don't need dividend payments at this point in time, I take those dividend payments and buy penny stocks. When this enviroment is done, I'll go back to reinvesting my dividends back into dividend paying stocks...
Here's the list - let me know if you have any questions. Off to teach a course this morning on stock trading...
Enjoy your weekend!
Regards,
