Fast Rising Penny Stocks

Fast Rising Penny Stocks week of March 7th

I noticed this company Eternal Technologies ETLT.PK has suddenly started rising to $.09. It's a Chinese biotech company that could actually have good fundamentals. I don't invest long-term in stocks on the OTC or Pink Sheets though. This was one I actually used to have a position in.
















China Shen Zhou Mining & Resources (SHZ) trades on the AMEX and had some unusually big volume Friday. If it clears $1.52 I think it could be a good quick trade. In and out.
















Lehman Brothers LEHMQ this stock looks very interesting to me here. This looks like a potential bull flag technical signal. If it can start rising over $.16 per share it could be good for a fast trade.

Investing Potentials

QDEL is a stock that isn't a penny stock but it is a play on the swine flu that is going on right now. Medical offices are ordering their product that tests for flu. The chart is in an uptrend and has just touched its support line.















This penny FOUR has shown some strong technicals lately.















BNET is steadily rising and looks poised for more strength if it can hit a new high on a breakout here.















The economy has seemingly had a bounce as retail sales are slightly higher this year. One must discount the effect of our governments stimulus here in the U.S. not to mention rates being at 0%. What will come soon? Who knows in my view. I am just following the big money and their moves. Stocks rising in 2009 is not that amazing but in 2010 we will have to see if it keeps up. That would be more believing I feel because it would mean that companies would be growing their top line revenue.

Discount Stock Broker

Discount Stock Brokers
In another post I was talking about the best brokers for penny stocks. Like I was saying a lot of them are hard on investors with huge fees to trade stocks under $2.00. These two online brokerages have flat commissions which is much better and the way to go if one intends to trade a lot of small stocks.

TD Ameritrade has $9.99 stock trades. Here is a TD Ameritrade review.

Zecco is a penny stock broker that has $4.50 stock trades. Can I buy penny stocks with Zecco? Yes, you can!

Tradeking.com has $4.95 trades. They have highly rated customer service.

Sogotrade.com is another good discount broker.

If you don't know how to buy penny stocks online these discount stock brokers have fairly simple platforms with low learning curves compared to some other brokers. You can get real-time stock prices that update live with them if you do day trading.

Gold Going Up

Gold stocks have been on a tear lately as gold prices are brushing up against long-term highs. The commodity gold itself may actually be a good buy if it can breakout of resistance. Technical analysis seems to work well with gold's chart here. Some gold and mining penny stocks are listed below that had unusual buying volume today.

CGR SVM SHZ

Some important economic data is coming out tomorrow. The jobs report is coming up. The market has had a huge run and we will have to see if it can be sustained. Valuations on stocks are fairly valued I feel.

Rising Penny Stocks Watchlist

With the big run the market recently about all stocks are rising this August 2009. These penny stocks have been in play. These are what I call momo or momentum stocks. They are rising rapidly. This means they can fall just as fast though so I am always sure to cut my loss the moment it goes against me hard. Hopefully this bull market will keep up for the rest of 2009.

IDOI














NCT














GFG












HTDS

Finding Penny Stock Brokers

Before you get started trading stocks you are going to want to get a good online broker. Many brokers do not cater to trading in penny stocks. They will often charge more per share for stocks under $2 or so. Before you begin shopping for a broker there are some important things to keep in mind.

Reliability
You want to get a broker that is either SIPC (Securities Investor Protection Corporation) or NASD (National Association Of Securities Dealers) certified. SIPC will protect you money in the event the broker goes under. Sort of similar to how your money at a bank is protected by FIDC.

Price
For small retail investors like ourselves low commission costs are very important. I cannot stress that enough. If you trade frequently commissions add up over time and will diminish your bottom line. Most traders that go it alone will fail over 90% of the time. Any edge commission wise you can get will help prevent losses from adding up.

Think about it. If you spend $20 for each trade you are automatically down $40 no matter how the stock performs. If you have a string of losing trades that $40 bucks adds up quick and depletes your capital base. Capital preservation is the most important thing about stock trading. You can't make trades if you loose your money!
For people with small accounts Zecco.com has good rates on trades. They charge just $4.50 per trade no matter what the price of the stock. Tradeking has $4.95 trades but for stocks under $1 they charge an extra $.01 per share. This makes trading true penny's hard. TD Ameritrade as far as I know has flat rates which are good for the penny's.

These two areas I have touched on, price and the ability to know your funds are retrievable are two of the most important things when choosing a broker. So, be careful on not extremely getting high prices on brokerage commissions and learning how to buy penny stocks will be a lot easier on ones wallet.