About

2007/10/16

I just absolutely love penny stocks and penny stock trading. Simple as that.  In fact, you may be interested to know that the first stock I ever invested in way back in 1996 was a penny stock.  The stock was Starbase Corp, then trading at somewhere near  a dollar and change.  Perhaps you could call it a ‘mature’ penny stock in the sense that it did not trade on the otcbb or pinksheets.  It was on the Nasdaq small cap market.

 This company was in the configuration management business (software programming tools) and had a long trading base of several years.  I recall that I spent a lot of time looking into the business operations of this company but really had no clue why I actually bought the stock other than it was a ‘cheap stock’.  I believe I had a very small profit a few weeks later as I became discouraged in holding it.  So that was my first stock buying experience, nothing too exciting.  However, much later on in the year 1999 SBAS setup one of the most beautiful trading setups that can exist.  It has formed a month long ascending triangle which sat right under a 3 year trading range and the ascending triangle itself had very positive volume characteristics.  So it shot up from a buck and change to 10 dollars I think within a week. Of course pretty much everything else was going to the moon going into 1999, but that is another story…

So here we are at Penny Stocks Penny Stocks, a site I started because of my love for trading penny stocks.  And the sub motto of the site, “One Penny and a Dream” is indeed true.  Because just one penny or even less than a penny can indeed be the beginning of some good dreams coming true.

But trading on dreams is probably a big mistake. Dreams can be shattered too, very quickly.  Better instead to apply some sort of intelligence to the penny stock markets and see if you can get ahead over time. Make no mistake about it, this marketplace is extremely risky, extremely volatile and extremely fun.

The definite chief aim of penny stocks penny stocks is to identify promising penny stocks BEFORE they have their big moves.  Or even better to find penny stocks that have good prospects for making a SECOND big move after an initial one.  It really is that simple a goal.

In my experience, one of the best approaches to looking at the penny stock market is from the technical analysis side.  This side is the one that will be covered the most here at penny stocks penny stocks dot com.  Why? Simply because it is the best approach and the one that puts the most odds in your favor.  And in this business, getting the odds even slightly in your favor is the name of the game.

So stick around for a while and consider following posts here at PSPS by email for your convenience.

God Speed to you,

Tom