Raising Price Opinions
Read all the past Blog entires here
We've just raised sell price opinions on our February 1st penny stock pick. After some strong upward momentum, and further review and contact with the company, our outlook has improved further. This is one of my favorites of the penny stocks we've selected, and the fact that they are doing good for others is just bonus.After moving from $1.15 to as high as their year high of $1.75 in 3.5 months, they have demonstrated the kind of upside we would expect from a company of their caliber. Of course, with any penny stock that has moved so far, so fast, you can expect some profit-takers to take the opportunity to cash out. Their selling will push share prices lower, in the short term. This is especially true in times of stock market weakness, which we've been seeing lately.
Today, shares have fallen (as of the time of this writing) by 9% (or 15 cents). This is not at all a cause for concern, especially since just about every stock on the markets has been falling lately. Instead, we look at this as a major buying opportunity for investors who had thus far missed the boat.
While even at $1.55, this penny stock is still up 35% over our profile price. We are now expecting shares to hit $2.45... and as those levels re approached, we may even aim our sell opinion prices even higher.
If there was just one penny stock that I could own for the very long term, this one would definitely be on my list of candidates. Even with the short term weakness (not surprising, not alarming), this penny stock's trend is decidedly upward, and pretty rapidly too. Look for this penny stock's shares to bounce back from this short term sell off, and resume their upward momentum.
==
The Dow Jones Industrial Average was at 12,800 three months ago. It's been a choppy ride, but until now it had held on to that level at least. The last few days, however, has seen the DJIA dip all the way into the 12,700 range, which could signal further sell-offs ahead. Right now, it's the combination of EU weakness (Greece, Spain, etc...) and the current J.P. Morgan multi-billion dollar debacle which is really weighing on shares.
==
Also, make sure to check out Penny Stocks Network, if you are a newer investor. It's a great place for less experienced traders to browse, while they are learning the ropes.
Penny Stocks by Peter Leeds
Pennystocks, $195/year
Our online newsletter specializes in penny stocks.
Profit as we reveal the best undiscovered penny stocks of the highest quality. These penny stocks trade for $5 per share or less, some as little as few pennies.
They are:
- Best Undervalued Penny Stocks
- Best Undiscovered Penny Stocks
- Best Penny Stocks Ready to Increase
Each of our penny stock picks has passed Leeds Analysis and is much more likely to multiply in value in the short term.
DID YOU KNOW?
Peter Leeds and his penny stocks team take no compensation from the penny stocks they review. (Most other penny stock newsletters do, especially the free ones. How can you trust them?)
All Peter Leeds penny stocks picks come with the 100% Unbiased Guarantee, stating that our penny stocks research is completely impartial.
Your Best Penny Stocks Advantage
When it comes to the best penny stocks to buy, Peter Leeds is the only choice. With a full team, you will be shown opinions on which penny stocks are best, and gain instant access to all the daily updates, full company reports, and buy and sell prices.
The best penny stocks to buy are the ones profiled by Peter Leeds! Get started with the best penny stocks to buy right now - free and instant!
Best Penny Stocks
When you start your free trial you will get:
- penny stock picks weekly
- buy/sell prices
- daily penny stocks updates
- full company reports
- 50+ bonus articles
- phone and e-mail support
Even if you are brand new to penny stocks, you will get all the tools you need to be sucessful.
And don't forget - when it comes to the best penny stocks, Peter Leeds and his team are the most well known, most trusted source for investors to learn which penny stocks to buy.
- full penny stocks team
- weekly penny stocks
- daily penny stocks updates
- full penny stock reports
- phone + e-mail support
Start your free 14 day penny stocks trial now! Access is instant, and trials provide the full Peter Leeds penny stocks service, including penny stock picks, price targets, and daily penny stocks updates.
