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Information SourcesUnderstanding Penny Stocks

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Learning

To learn all about penny stocks, trading, and brokers, visit PennyStocks.com's Learning Center

Glossary

For penny stock terms, I suggest the use of the glossary included with Understanding Penny Stocks.

  1. Understanding Penny Stocks Glossary
  2. InvestorWords.com
  3. Investopedia

Stock Screeners: Screeners help you build a short-list of stocks based on the parameters you set. For example, a screener could provide you with a list of stocks that trade between $0.25 and $0.35, or that have positive earnings, or that are involved in a specific industry.

I suggest the use of screeners to build short-lists of stocks that you can then apply Leeds Analysis to, in order to uncover the most promising penny stock investments.

For example, you can choose to derive a list of stocks that trade between $1.50 and $1.80, have a positive P/E ratio, and are listed on the NASDAQ SmallCap market. Good screeners allow you to set your prefered range for the price per share, market, revenues, earnings, and industry for the underlying stocks. As well, some enable you to select ranges for average trading volumes, year low or year high, and more advanced fundamental ratios like debt/equity.

Charts

I strongly suggest the use of charts when tracking or analyzing your stocks. A picture is worth a thousand words. By far, the best charting service on the Internet is BigCharts, based on ease of use, reliability, speed, and information presentation.

Quotes

If you have a broker, I suggest getting stock quotes through their web site. Beyond this there are hundreds of sources on the Internet to derive quotes from.

Company News

Many services that provide quotes also provide news and press releases.

Portfolio Monitor

With a portfolio monitor, you can track several stocks at once. This is very useful in combination with Paper Trading to help you keep an eye on your picks. It is also an effective tool when you want to monitor many potential investments at once, in order to look for trading opportunties.

Stock Profiles

Profiles give you a snapshot look at a company, including an explanation of their business model, some select trading data, and some fundamental details. Each profile is different depending on the source, so you may want to get profiles from several different sources for the same stock.

Financial News

The television is often a better source of financial news, but the Internet runs a close second. Newspapers and magazines are great, but they are often outdated by the time you are reading them.

Message Boards

I discourage the use of message boards, even for those of you who understand the dangers of misinformation. I can not provide any insight into which message boards are the best.

Fundamentals

As described in Leeds Analysis, it is important to know the fundamentals of the companies you are interested in. There are many sources of this data, including your online broker, but I have listed a few of my favorites.

Penny Stock Picks

Before getting any penny stock picks, help yourself by reading the following sections of Understanding Penny Stocks which are very important; Watch Out for These Dangers, and Benefits to Look for in a Penny Stock Picking Service. There is only one source of penny stock picks I trust, and I am affiliated with them. They are PennyStocks.com and it was their sponsorship which made this free educational book happen.

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