Thursday, April 7, 2011

Best Penny Stocks For 2010

By Friederich Richie

When financiers buy penny stocks, they have to collect as much information as practicable before making an investment. A company's background and their prior practices need to be considered when purchasing penny stocks. This is important in order that they make a smart decision and make the most from the penny stocks to hand. Penny stocks are a straightforward and swift technique to earn bigger profits if the investment is done sensibly. I have assembled some top penny stocks for 2010 which are predicted to make speculators massive return on their investment.

Before making an investment, you need to bear some points under consideration. First go for those firms with market capital that are less than five hundred million dollars and then opt to buy penny stocks. Pick up those stocks which belong to a fair company, a company with high earning and extremely low obligations. The volume of penny stocks also significantly matters.

One of the top penny stocks performers is LGL group which makes electronic parts. LGL group's shares are seriously skyrocketing and latterly, the company traded at a 52 week high of $14.20. LGL group also posted a Q4 profit of fifteen cents a share, swinging from a year-ago loss of five cents a share.

Next is Fed. Countrywide Mortgage organisation ( Fannie Mae ) which is a government-inspired company and supports stability in the mortgage market as it provides mortgages. The value of the firm's penny stocks is anticipated to shoot high and give you enormous returns when you buy penny stock of the company.

Oilsands Search ( BQI ) is also considered another top penny stock performer. It showed a rise in worth from Aug to October. However a serious risk is attached with Oilsands search as it has no money but the value of its reserves and anticipated capability to extract such reserves on a lucrative basis make it one of the top penny stock performers. As these expectations are enlarging thanks to the higher oil costs in 2010.

Unico is a firm which deals in the rare metals mining sector and concentrates on the exploration, development and production of gold, silver, lead, zinc, and copper. Unico is a particularly active trading stock. It's been as high as $300 per share in 2007 before splitting its stock a couple of times. A great potential and gain is anticipated out of this stock which makes them another top penny stock performer.

Atwood Oceanics is an explorer and has been really successful. The earnings' guesses of the Firm have shown a rise formerly and led to a P / E of 7.5. Atwood Oceanics ' margins have topped 40 percent too which signal this company can give massive returns if an investment is made.

A range of strategies can be employed by financiers when finding the top penny stocks in the stock exchange. A penny stock newsletter can play an exceedingly important role in providing financiers with awfully helpful info, stock alerts, stock concepts, trends and list of top penny stock performers. Stockholders can also employ a stock screener to generate a listing of stocks based totally on a range of factors.

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