nasdaq nyse penny stocks - tag category postings

I love penny stocks.  But it seems for whatever reason I have completely neglected this group of stocks over the past several months.  I have not completely neglected penny stocks in the sense that I have been dabbling in the more mainstream penny stocks between $1 and $5 on both the Nasdaq Composite index and the New York Stock exchange.

Given the huge market surge since March 6, of 2009 these days it is becoming harder and harder to find 1$ to $5 nasdaq or nyse stocks that are ripe for a nice move.

Of course the recent exception to the rule was ABK Ambac Financial Group, Inc. Ambac had an absolutely outstanding rally from the depths of the .60 cent range all the way up to a high of $3 and change that occurred through multiple gaps up.

The nice thing about ABK is that you have a very liquid stock and generally very high volatility.  The downside is that you have the potential for this stock to go bankrupt at any time.  I have been in stocks before that had a ‘possible bankruptcy’ press release and let me tell you it is not fun at all.  So ABK is probably best suited for day trading at this point to avoid one of those end of day or pre market PRs.

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