You guys have a great knack for finding penny stocks that are financially sound. One stock that you noted, was Tesoro Energy which I recently bought last week. This week, and particularly today, it's up over 140%!
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The Hyenas And The Lions
July 5th, 2006
Those of you who have been with us for any length of time know that PeterLeeds.com consistently reveals the hottest penny stocks on the market. We uncover excellent companies with tremendous upside potential.
Occasionally we hear from subscribers who have trouble getting in on a new pick immediately after its release. In some cases, the shares will open higher than their last closing price (called gaping up) because investors have entered orders at levels above the last trading price. In other cases, prices rise out of reach almost immediately. While this can happen, many subscribers do not realize that they should not necessarily be trying to get involved early.
There may be a better strategy, an alternative that does not decrease your ability to make money with the penny stocks we pick, but instead enhances it. This short article is intended to show you how you could make the most of your Penny Stock Insider subscription.
The Hyenas(What Most People Do)
There is sometimes a frenzy to get in on the latest Hot List pick as soon as it comes out. Sometimes the sudden buying pressure can cause a temporary spike in the stock, and anxious investors may be in danger of paying inflated prices.
While we never give trading advice, we will say that it may be a foolish strategy to get involved in any initial stampede. In trading, it is never a good idea to be buying when everyone else is. In other words, don't line up at a restaurant at 6:30, when you could walk right in and get the best table at 7:30.
In nearly every case, the initial buying stampede fades away, and the price comes back down to realistic levels within days.
One of the things that makes our service so special is the excitement we generate among our subscribers whenever we make a new pick. That excitement even extends outside of our subscriber base to other savvy investors on the net. The companies we select, emboldened by making the Penny Stock Insider cut, are quick to boast about being a Hot List pick, through their investor relations and media departments. This excitement and buzz is often reflected in the stock price of new picks in the first few days, as word leaks out and more and more investors jump on the action.
However, as a Penny Stock Insider subscriber you have two powerful advantages over these other investors.
First, you have access to our buy and sell price opinions, so you know the exact price points that our research team feels are attractive.
Second, you know that these price spikes are almost always temporary. There is plenty of time to get involved with these incredible companies, at prices that make sense to you.
Remember, profits are not made when you sell, they are made when you buy. You need to get the best buy price that you can.
Now, be sure to tune in next week, because that is when I reveal the rest... Specifically:
The Lions(What the Successful PeterLeeds.com Subscribers Do)