Penny stocks are those stocks which are available at lower valuations and less price than as stipulated by the NYSE and NASDAQ. In general the NASDAQ says that penny stocks are those which are trading at less than $5 and have low market cap. Now that $5 is a misnomer a most people think that penny stocks are those stocks which are trading at less than one dollar and that means in pennies. This is true for sure and mostly on the penny stock bulletin board service you will find stocks which are less than a dollar.

As far as the listing is concerned the penny stocks are listed on the NASADQ stock exchange and these are traded at the Over the Counter portion and that is called as the bulletin board service of the exchange.

Penny stocks definitely can make you more money if you invest wisely. There are people who will be telling you all about penny stock tips and these can be scams.Now there are some which are not scams and are genuine newsletters which have been put up by the good people who know all about the investing and the way the pennys stocks operate. I would suggest that you should not keep on holding on to the stocks and just get out of the stocks once you have made your profit.

As far as the resources for the penny stock tips are concerned there are a number of places where you can get the penny stock tips from and one of the main places where you can get the penny stock tips as well as otc penny stocks is the stock market blog of the forum. Now beware of that there are people in that forum who will keep on pushing for a particular stock.

Another way is to get stock market pink sheet pennys stock newsletter which you can subscribe to and you will benefit from the daily stock tips that are there. Now that’s aid there are several such newsletters floating around on the net so make sure that you are aware of the genuine ones.

Do not go for the pump and dump type emails that keep floating around. Now these can be genuine too but you need to work on the strategy for these. You can easily get to investing in those and then just get out before this penny stock that has been pumped gets to be dumped.
You can do research on your own and get some good penny stocks. Now the penny stocks that are there are generally the shell companies trading but yes there are genuine ones also out there who have some revenue. You will need some due diligence to get these penny stocks. These penny stocks are the real gems and will make money for sure.

Another avenue is the good canadian stock picks. These are penny stocks which are being traded on the Toronto stock exchange . You can invest in those penny stocks and make some good profit. The question is how to invest in canadian stocks. Now there are a lot of companies which will actually have the trading platform or broker license for the Tornto Stock Exchange so go for those.

Penny stocks are very volatile and as an investor who is looking for penny stock picks the best bet is to make sure that your time span is only a few hours and at the maxioum a day. So beware before you even start thing of long term investing . For long term investing you need to be investing in blue chip stocks.