Penny Stock Investing – Alternative Energy Stocks
Posted on May 28, 2009 by Penny Stocks Picker
Penny stock investing is risky business. However, if you really are thinking about penny stock investing for the long term you need to be in the right sectors. Investing in penny stocks long term can be very profitable if you buy that one penny stock that happens to go to the moon, being in the correct sector will increase your chances of that happening. I was asked by one of you to provide some penny stock advice, recommendations or direction for penny stocks to invest in that would benefit our world (clean-technology). I thought about this question for a bit and it really makes sense. If I was going to invest in penny stocks for the long term then this is one of the sectors I would pick. This sector (Green Technology) is broad and includes everything from Alternative Energy stocks, Battery technology stocks, LED technology stocks, Environmental stocks, Fuel cell stocks, Pollution control stocks, Waste to Energy stocks, Recycling stocks, Clean transportation stocks, Environmentally preferred products/services, Green Building, Sustainibilty and so on…..you get the point. Before you invest in penny stocks you might want to read my article titled “What are Penny Stocks” in the education category archives. If you want to decrease your risk, instead of selecting individual penny stocks in this sector you might want to consider investing in a Mutual Fund or Exchange Traded Fund (ETF) that invest in these sectors. A good place to start your research is searching on google for “Alternative Energy Stocks” or “Clean Technology Stocks”. One website I found that list Alternative Energy Stocks can be found at ALTENERGYSTOCKS.COM.
Alternative Energy stocks might be the big winners down the road because many business and residential customers are looking to increase their energy efficiency and decrease long term costs. Additionally, President Obama seems to show an interest in increasing our energy independence. I believe we are in the early stages of this sector and technology and it’s only going to get better and become more of a priority to each person, business as well as Obama’s administration. Not to mention it’s the right thing to do.
Wow, I found so many stocks in this sector I don’t know where to begin…..this is not my expertise. Keeping in line with my philosophy of trading the top penny stocks that are hot penny stocks I did find two that I’ll be watching.
GBOE@ .0044 (Geobio Energy Inc which is an alternative fuel and energy company. I’d say we had breakout volume today which shows new interest. Decent chatter on the Investors Hub Bulletin Board, News release today and American Bulls.com shows up as Buy Confirmed.)
CWSI @ .90 (China Wind Systems Inc…they supply parts to other key component manufactures for wind energy development. Breakout volume with decent price increase today.)
Look forward to any comments from you to help identify quality penny stocks in this sector.
Tags: hot penny stock, investing in penny stocks, penny stock advice, penny stock investing, top penny stocks
Filed Under: Picks N Tips
HYGN.PK has traded at 20-40 million volume yet hasn’t moved much from .02 lately. How can volume be so high yet no move.
In the most basic of terms, when a stock is trading on strong volume and not moving in an upward direction……there is more sellers than buyers. It can be a bit more complicated as well. The company may also be selling additonal shares (diluting the float…selling new shares from the A/S into the market). The share structure of the company is a big factor which includes the Authorized Shares (A/S: Total # of shares a company can issue….which can change), Outstanding Shares (O/S: Total # of shares currently issued into the market which are either free trading (the float) or restricted) and the Float (Total # of shares issued/sold into the market and open to trade). The share structure is dynamic (it changes) and you need to keep an eye on that. Lots of these penny stocks have share structures in the billions to trillions and hence you will need many shares traded on the buy side to see movement. I’ll try to write a more detailed post in the near future regarding share structure (But check out my article titled “What are Penny Stocks” for some more information). I hope this helps for now. Anyway, HYGN has pulled back in both price and volume,consolidated at ~.02, this could be another buying opportunity.