Penny stocks are an attractive proposition for many investors because they cost a lot less to invest in. But while they can offer good returns if the company does well, they can also be risky and involve a higher risk of loss. As such, you'll have plenty of penny stocks to watch and consider as time goes by.
With every week that passes there are fresh stocks to consider and new ones to watch, but a promising one at the moment is the Dynamotive Energy company. One of the reasons why this could be a good pick is the fact that the company is devoted to green issues. It produces fuels for cars and other vehicles that are kind to the environment, and it has plans to keep on producing better, cleaner fuels into the future as well.
Incidentally it is worth watching out for other young and upcoming companies whose stocks are worth pennies if they have some connection to the environmentally friendly brigade. This is a hot area to get involved in and it could reap some nice rewards in the future. There are lots of penny stocks to watch in this area
Another hot stock available on the NASDAQ at the moment is listed as being Arena Pharmaceuticals. This is a typical example of a company in the medical field whose shares are low enough to make the NASDAQ Penny Stocks list, but are equally holding plenty of promise for the future. The medical field is always a good one to watch for promising penny stocks, since the advance of medicine is always met with a lot of interest. They currently have a drug being tested which could help in the fight against obesity. If it works, their shares may well shoot up to reflect that success.
Some people focus on specific areas of penny stocks, such as green issues, medical and technology. Others however are content to focus on anything if it feels like the right deal to try.
Perhaps the key word in the title however is ‘watch'. If you are new to this type of trading, the best penny stocks to watch initially will be all of them. See how things develop and move over time, and work out if there is a particular area you would like to get involved in. Then you just need to decide which stocks to sink your money into.
With every week that passes there are fresh stocks to consider and new ones to watch, but a promising one at the moment is the Dynamotive Energy company. One of the reasons why this could be a good pick is the fact that the company is devoted to green issues. It produces fuels for cars and other vehicles that are kind to the environment, and it has plans to keep on producing better, cleaner fuels into the future as well.
Incidentally it is worth watching out for other young and upcoming companies whose stocks are worth pennies if they have some connection to the environmentally friendly brigade. This is a hot area to get involved in and it could reap some nice rewards in the future. There are lots of penny stocks to watch in this area
Another hot stock available on the NASDAQ at the moment is listed as being Arena Pharmaceuticals. This is a typical example of a company in the medical field whose shares are low enough to make the NASDAQ Penny Stocks list, but are equally holding plenty of promise for the future. The medical field is always a good one to watch for promising penny stocks, since the advance of medicine is always met with a lot of interest. They currently have a drug being tested which could help in the fight against obesity. If it works, their shares may well shoot up to reflect that success.
Some people focus on specific areas of penny stocks, such as green issues, medical and technology. Others however are content to focus on anything if it feels like the right deal to try.
Perhaps the key word in the title however is ‘watch'. If you are new to this type of trading, the best penny stocks to watch initially will be all of them. See how things develop and move over time, and work out if there is a particular area you would like to get involved in. Then you just need to decide which stocks to sink your money into.