Penny Stocks: Not All Bad

Hello followers, my name is Penny Stock Steve and I am here to help you get a better understanding of the wild world of penny stocks. Although I am admittedly the most inexperienced of group, I feel I can bring a very 'Mike Anthony like' feel to the table, providing my insight on profitable plays in a very matter of fact manner (for those of you who aren't movie buffs, Mike Anthony is Matthew McConaugheys character in "Two For the Money", a movie about sports gambling). Like Mike Anthony, we are all just 'million dollar men with billion dollar plans' except in this case we're talking pennies, and like "Two For the Money" we're definitely talking about a gamble. As you've probably come to realize, penny stocks tend to carry a rather repulsive reputation, and my job here is to help change that culture, turning everybodies pipedream into a reality.

Over the past month or so I have been able to develope a spreadsheet for stocks that I feel are legitimate and have the potential to be extremely profitable. And with this I have been able to calculate my preferred buy and sell points for both the short term and long term. These stocks tend to carry profit jumps ranging anywhere from 30-400% short term, however this requires a great deal of patience and understanding. Penny stocks can fluctuate quite erratically and without much notice, and I've found that most of the people who tell you to avoid these stocks are the same ones who weren't patient enough to hold on long enough to reap the benefits when the bubble popped.

The first stock that I would like to share with you is ETEV. ETEV is a refueling company based out of San Diego, CA and just yesterday they released this and while the news didn't inpact intra-day trading too much, it may be enough to ultimately shift it's current trend, and as you can tell this stock definitely rides on momentum. The report alone is definitely a good indication of how I'd expect the company to continue to grow throughout the 3rd quarter. And suprisingly, this stock is still meandering, at a measly 16 cents, a low mind you. I definitely feel like this thing could turn a nice 130% or so profit in just a few days. Keep your eye out! And good luck!