What Are the Best 2017 Penny Stocks?
Emma MarroneIntroduction:
Penny stocks are low-priced stocks that trade for less than $5 per share. They are often considered high-risk investments because of their volatility and lack of liquidity. However, if you are willing to take on some risk, penny stocks can offer significant potential for profit. In this article, we will explore some of the best penny stocks of 2017 and provide insights into the factors that make them attractive investment opportunities.
What are penny stocks?
Penny stocks are stocks that trade for less than $5 per share. They are typically issued by small companies that are relatively unknown and have low trading volumes. Because penny stocks are not subject to the same regulatory requirements as larger, more established companies, they can be highly volatile and speculative investments. However, their low prices and potential for rapid growth make them attractive to some investors.
Factors to consider when investing in penny stocks:
Before investing in penny stocks, it is important to understand the risks and potential rewards. Some factors to consider include the company's financial position, industry trends, and market conditions. It is also important to research the company's management team and their track record. Finally, investors should be prepared to monitor their investments closely and be prepared to sell quickly if necessary.
Best penny stocks of 2017:
1. BioLife Solutions Inc. (BLFS)
2. CytRx Corporation (CYTR)
3. Spherix Inc. (SPEX)
4. Applied DNA Sciences Inc. (APDN)
5. Avinger Inc. (AVGR)
Investment strategies for penny stocks:
Investing in penny stocks can be a high-risk, high-reward proposition. Some investors choose to diversify their portfolio by investing in a variety of penny stocks. Others focus on companies in specific industries or with specific growth potential. It is also important to set clear investment goals and to have a strategy for managing risk. Some investors may choose to use stop-loss orders to limit losses, while others may be more aggressive in their trading approach.
Conclusion:
Penny stocks can be a risky investment, but they can also offer significant potential for profit. By understanding the risks and doing thorough research, investors can identify promising penny stocks and develop a strategy for managing risk. Whether you are a seasoned investor or just starting out, penny stocks can be an exciting and rewarding opportunity.
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