Hot Penny Stocks
By: Anne Durrell
Many feel that penny stocks are thinly traded; yet they can be traded in the hundreds of millions’ all for a sub-penny stock! Part of the reason why they are looked down upon is that it is sometimes next to impossible to find a stock and that stock may be easily manipulated. In the U.S. penny stock refers to stock traded outside the major exchanges, AMEX, NASDAQ and NYSE.
So which are the hot penny stocks? On May 29, 2009 the following were the top 3 hot penny stocks: SFIN, CYCC, and TERA. Individual research turned all three up, which is the kind of research you need to do.
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SFIN is one of the hot penny stocks. It is the Safetek International Inc. It was founded in in 1988 and currently has three employees. The biggest platform for it is in screening new technologies in the health care field, as well as the life sciences. It is working toward new therapies for such diseases as glaucoma, over-active bladders and Alzheimer's.
CYCC is one of the hot penny stocks. It is the Cyclacel Pharmaceuticals Inc. Cyclacel was founded in 1996 The corporation is a biopharmaceutical corporation which is committed to the discovery, commercialization and of course development of original, mechanism-targeted drugs in order to treat human cancers.
They have already developed a drug for people suffering by way of solid tumors as well as formerly-treated nasopharyngeal carcinomas (NPC). It has been suggested that their drug, Seliciclib, has been found to inhibit tumor growth in those suffering from NPC.
TERA is one of the hot penny stocks. It is the Teraforce Technology Corp. The TeraForce subsidiary DNA Computing Solutions manufactures as well as sells digitalally enhanced signal processing circuit boards. They also sell software that is primarily used in the various defense electronics applications for missile guidance, radar, navigation and airborne surveillance.
Remember that hot penny stocks are considered a volatile investment. New companies fall under this classification. Always know the current trends of penny stocks, especially stocks that are listed on the hot penny stock listings. Unfortunately many scams exist in the penny stocks, because often putting up their stock is a desperate attempt by companies to avoid bankruptcy.
What makes any penny stock "hot" is usually caused by the technical analysis that has been done on a particular stock and the technical analysis indicates that it will be going up from all the indices that have been gathered about the company. Then that stock gets on everyone's hot penny stocks list.
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