Penny Stocks to Buy - Penny Stocks to Watch 2016

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Penny Stocks to Buy 2016 - Top Penny Stocks to Buy

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Which Penny Stocks should you buy now?  Penny stocks to me are stocks trading below $2.00 per share but most people think Penny Stocks are stocks that are trading below $1.00 or even lower.  There is a lot of risk in buying penny stocks for both the long and short term because they are a huge gamble.  A penny stock is a penny stock for a reason and chances are the company you are buying is in financial or legal trouble.  Thinking a stock that trades below $0.50 is a cheap penny stock is completely false.  It's important that you do your research and know the risks of penny stocks before you buy into the company.

I don't usually buy penny stocks but when I do, I have done extensive research and have only invested money I am willing to lose.  The fact of the matter is, new investors who begin trading stocks are attracted to penny stocks.  This goes back to the statement I made above about people thinking penny stocks are cheap.  Once again, this is the biggest myth in the stock market.  Penny stocks are penny stocks for a reason; I can't stress this enough.  Once in awhile, a penny stock will emerge into a stable company and that stock will begin to explode higher.

Last year, the top penny stock to buy was Aoxing Pharma (AXN).  This penny stock exploded from $0.30 to over $2.  The rest of the year, AXN was choppy and had it's ups and downs.  Aoxing Pharma (AXN) would have been a very good penny stock to buy for a trade because of the volatility.  If you plan to invest in penny stocks, you want to buy penny stocks that are in an uptrend and use a tight stop loss order. Pay attention to the charts and key support and resistance levels.  Below is a list of the best penny stocks for 2016 that I see right now.  I will be updating this page through out the year.

Latest 2016 Penny Stock Picks - Click Here

If you are looking for some hot stocks, check out my biggest gainers page, my top penny stock gainers page, and my top stock gainers page.  I also have updates on my stock blog.  If you want to learn about day trading, go to my day trading page.

Penny Stocks to Buy - 2016

LightPath Technologies (LPTH) - Industrial Healthcare Penny Stocks to Buy -  LightPath Technologies (LPTH) is one of my penny stocks to watch in 2016 because shares are in a nice uptrend and looking good.  LPTH makes lenses and optics that manipulate light.  If everything goes right, LPTH could rally from $1.50 to $2.25 in 2016.  Penny Stocks are risky so I would advise only trading this stock right now.  If things turn out bad, we could see LPTH hit $1.00.  LightPath Technologies, Inc. is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.

Sophiris Bio, Inc. (SPHS) - Sophiris Bio, Inc. (SPHS) is small drug company focused on the treatment of urological diseases.  This penny stock, which recently almost hit $4, is a buy below $2.00 per share.  SPHS is a penny stock to watch in 2016 because of the recent price spike and heavy volume.  I like to trade biotech penny stocks because they tend to have huge price swings.  SPHS is one of my top penny stocks to buy in 2016 when shares finally bottom.  Track the daily highs and when SPHS breaks two daily highs in a row, buy the break out.

Penn Virginia (PVA- Penn Virginia (PVA) is my best penny stock to buy when the price of oil is on the rebound.  This $0.50 penny stock can double or triple from here in 2016 if we see a nice rebound in the price of oil.  However, this company can also go bankrupt as well.  If you are looking to invest in a high risk penny stock in 2016, buy PVA.

Also check out the 
Top Penny Stocks 2016.

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