Anyone know of a free site that helps you pick penny stocks?

www.StockDoubling.com

depends what you consider a penny stock.

I am in DFNS big right now but probably won't move for another 3 months.

Yeah, I'm interested in Penny Stocks too. Anyone out there with the knowledge?

penny stocks are good and well if your looking for high risk, but I would check out some kind of daytrading (futures, etc.) you can get GREAT rois with more legitimate investments. I started out with about 3k and a few books, and my equity account is up to about 30k in 6 months. My picks are usualy all pretty low risk though, and I am super selective with my trades (and I dont do it full time soooo)

Some Tips regarding Penny Stocks

1. Look for chart in day trades and wait for half of a day to see the trend of various stock. If that stock goes up initially, short it and if that stock goes down, pick it at bottom (you can guess the approximate bottom of the day with some practice using daily up down averages).


2. One should have a rough idea as to what stocks to look for and how to approach them while limiting your risk.

3. You don't necessarily have to trade hot small cap & micro cap stocks all the time. But one has to learn how to take advantage of them when you encounter the best opportunities while at the same time limiting your risk.

Here are some important sites that provide info on Penny Stocks

>> www.pennyinvestor.com/

>> www.pennystockinsider.com/

>> www.worldsbestpennystocks.com

which site do people use when buying stocks?

www.Scottrade.com If you use code SVZP9077 when you sign up you get 3 free trades.

You can open an account with as little as $500 and $7 trades. Some of the lowest around. I use scottrade for my own account and my roth IRA.

If looking for a stock check out DFNS. (Defense Industries) I own it from .50 and am looking for $1sometime this year. (Maybe even after Q2 earnings come out on August 15th)

They earned .02 for Q1 and I am looking for a big Q2.
They should grow revenue by 70-100%+ for this year.

I invest a small amount of my savings into small cap stocks and have done very well over the years. I spend hours sometimes looking specifically for potential 10-baggers, ie those companies that can grow their earnings by 10 times in future years, and am prepared to hold for several years if necessary.

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