What Are the Top November 2016 Penny Stocks?

What Are the Top November 2016 Penny Stocks?

Penny stocks are low-priced shares of small companies that many investors believe have the potential to generate high returns. But with the potential for high returns also comes the risk of significant losses. The key is to do your research and invest only in companies that have strong fundamentals and growth potential.

In November 2016, some of the toppenny stocks to watchincluded:

1. BioDelivery Sciences International Inc. (BDSI)

BioDelivery Sciences International Inc. is a specialty pharmaceutical company that focuses on developing and commercializing innovative therapies in the areas of pain management and addiction. The company's stock has been on an upward trend since early 2016, and many analysts believe that it has room to grow in the coming months.

2. Neuralstem Inc. (CUR)

Neuralstem Inc. is a biopharmaceutical company that focuses on developing treatments for central nervous system diseases and disorders. The company's stock has been volatile in recent years, but many investors believe that its pipeline of promising drug candidates could lead to significant growth in the future.

3. Transgenomic Inc. (TBIO)

Transgenomic Inc. is a clinical laboratory services company that specializes in providing genetic testing services for cancer patients. The company's stock has been on a rollercoaster ride in recent years, but some investors believe that its recent acquisition of Precipio Diagnostics could lead to significant growth in the future.

Investing in Penny Stocks: Tips and Strategies

Investing in penny stocks can be a high-risk, high-reward venture. Here are some tips and strategies to keep in mind if you are considering investing in penny stocks:

1. Do your research: Before investing in any penny stock, make sure that you understand the company's business model, financials, and growth potential. Look for companies that have strong fundamentals and a clear path to profitability.

2. Diversify your portfolio: Don't put all of your eggs in one basket. Invest in a variety of penny stocks from different industries to spread your risk.

3. Manage your risk: Set a stop-loss order to limit your losses if a stock starts to decline. Don't invest more than you can afford to lose.

4. Be patient: Penny stocks can be volatile, so it's important to have a long-term perspective. Don't panic if the stock price drops in the short term, but be prepared to sell if the company's fundamentals deteriorate.

In conclusion, penny stocks can be a high-risk, high-reward investment. If you are considering investing in penny stocks, be sure to do your research, diversify your portfolio, manage your risk, and be patient. By following these tips and strategies, you can increase your chances of success in the penny stock market.