Penny stocks on the verge of very big things….Any of them?
Penny stocks live off of speculations, so good luck to find some truth in what is being speculated about them. Even Wal-Mart when its stocks were worth pennies was subject to this type of "gossiping". Penny stocks are a high-risk bet. I don’t know of any penny stocks with strong estimates to succeed and become blue chips. If there was such kind of stocks, almost every trader would be rich.
I recommend you not to buy stocks valued under $15.00. It’s way too much risk. Plus, before they become "blue chips", the stocks of a company should "prove" to you that they’ve been performing well for a relatively long period of time (17 weeks or more, everybody uses a different approach). There must also be a significant EPS growth before jumping in, aside other factors like a growing interest in the stock from institutional investors or P-E ratio.