Penny Stocks to Watch :: Free penny stocks list

The penny stocks mentioned here are only stocks to watch. Some of them could be good candidates to be baught right away and some are risky to buy. You have to decide on your entry and exit price. My main style of trading is to buy and sell within very short period of time. Therefore, I might decide to buy the stock the next day and sell it in the same day and forget about it or I might like the stock and decide to keep a small position just incase the penny stock hits a jackpot. In addition, I might decide to watch the stock and after a while discard it based on the fundamentals or technicals prevailing. If in any case, i suggest an entry price, it should be considered as an opinion that might prove right or wrong. Be your own boss and take your own decision. penny stocks trading is a personality based trading.

Jan16, 2010

Todays penny stocks to watch or actually for me to buy is a company that released two price moving news releases for the past two days. The stock has already spared 340% for the past two days. Would it go up more from here? I really don't know for sure but I doubt it will, unless some additional positive news comes out which is somthing beyond our control. However, this doesn't mean we can't try our educated move on this. The company is Golden dragon holdings (GDHI) and it is a pink sheet stock which make it riskier than exchange listed stocks. Oh.. I forgot something, the stock is being promoted on many free news alert services which might give it a push up on Tuesday.

Here I have to relax and learn from past experience that chasing a penny stocks has never paid off. I would play this momentum play using my simple strategy and allocate a moderate capital for this with predetermined price entry to reserve my seat and exit price that will give me, hopefully, some fast nice profit then think about the next play. This is what I do daily and i know where to look and how to dig momentum penny stocks out.

My entry price would be a buy limit order (all or none) at around $0.0011 and my exit would be $0.0015 or about 30% in profits if things go right. This is about $150 on a $500 investment and would buy me about 450,000 shares which can be baught fairly easy given the stock trading volume. I would put a stoploss on this since it can take me out if volatility kicks in. However, the risk in my openion and of course based on the chart should not exceed 50% in the short term which means $250.

Penny Stocks to Watch List