Top Penny Stocks

What are the Top Penny Stocks to Buy?

Everyone talks about blue chip stocks, but are they going to make you super rich quickly? Absolutely not. The only way a blue chip stock will make you rich is if you have 20 to 30 years to spare. It’s highly doubtful this is your time frame. Most people want to make a lot of money in a short period of time. With the top penny stocks and today’s volatility, this is very possible.

When most people think of buying penny stocks, they think of stocks trading for pennies. Makes sense, but penny stocks are really stocks that trade for $5 or less. While stocks trading for less than $5 might be risky, they’re not anywhere near as risky as stocks trading for less than $.05. Another important factor is that in most cases, these stocks will have enough volume that manipulation will not be a factor.

The problem is not knowing which penny stocks are good or not. Well, one of the best penny stocks to buy in the stock market today is CYTX. This stock trades around $5 right now. Therefore, some days it qualifies as a penny stock and other days it doesn’t. More importantly, this stock was picked up with the same screener that picked up DNDN when it was at $4. In case you’re not aware, DNDN now trades for a healthy $40 per share. CYTX stands for Cytori Therapeutics, which is a company that specializes in safely removing adipose tissue from one area of the body and using for areas in need. Their technology is most commonly used for breast augmentation, but they also have a medical device that might help prevent heart disease.

Another great penny stock, and another biotech, is SNTA, which stands for Synta Pharmaceuticals. You can currently buy the penny stocks for around $3 a share. More importantly, this stock is extremely volatile with strong fundamentals. For instance, they do not have any debt and there has been a ton of insider buying. Synta Pharmaceuticals sells medication that is used to prolong the lives of cancer patients and those suffering from chronic inflammatory diseases. Unlike CYTX, not many people are even aware of SNTA’s existence, which leaves you an opportunity to get in early. Getting in before the public knows about a hot stock is the best way to maximize gains.

The third and final top penny stocks to buy might come as a surprise to you. It’s C, which stands for Citigroup. It’s hard to believe that this former blue chip stock is now a penny stock, but that is the case. What is important about C is that it’s the final option left if you missed the run the big banks enjoyed. At that time, Citigroup was still in shambles. However, that isn’t the case anymore. To prove this, the short position on C is now less than 2%. This short position has also been decreasing from month to month. With enormous volume, you can also feel at ease knowing that manipulation will never be a factor.

Expand Your Portfolio – Buy Penny Stocks

If anyone was to diversify their portfolio by buying penny stocks online, they would most likely make a fortune within the next five years. Buy all three of the penny stocks though. Even if two of the three fail, the one that succeeds will more than make up for the losses. Therefore, success is a near guarantee. You have more of a chance of becoming super rich when you buy several of the top penny stocks. Diversify your portfolio. Now it may be difficult to figure out what the best penny stocks to buy are, but the point is to buy several stocks. When it comes to buying penny stocks online, don’t keep all your eggs in one basket. And know when to let go. I have written more about this in my Buy Penny Stocks with Controlled Emotions post. There are always more good penny stocks to buy. Just keep on keeping on and you will see the money come rolling in! Now go buy penny stocks!