There are different major stock exchanges in the US and penny stocks can be found on OTCBB and Pink Sheets. The major thing to know about penny stocks is that these stocks are great for investment only if you are giving your full time and energy in understanding them. There are many software applications designed for the traders to know about these stocks in detail and get the factual data associated with these companies. The share prices, market cap, Price to Earnings, revenue, financial stats, Price to Sales and many other criteria have to be looked up by the investors to make decision to invest in particular stocks.
When you look for the top penny stocks, it is essential to recognize the major industries to see for these stocks. The economic conditions and fluctuations have to be seen for the perfect stock to purchase. It is essential to look for the right niche of stocks before making the purchase. Oil industry, gold mining, bio, Pharma and many other sectors are included in penny stocks. The new companies begin their presence in the market with penny stocks and you have to find out the perfect timing to purchase these stocks after gathering full information about it.
You can check out the daily news and financial statistics of the company. Marketing timing is essential and you have to notice the affects of company’s progress on its stocks. There is a wide spectrum of industries included in penny stocks and you can choose the most required results with the complete technical analysis. Investors need to make their own decisions in selecting the right penny stocks. They have to prefer in spreading the market related information to get the edge. Stock market fluctuates daily and you must discover your own ideas to make the right move.