Best Penny Stocks 2012 – Are you looking for a list of the best penny stocks in 2012? Below is a list of some of my top penny stocks picks for 2012. This is a combination of my own penny stocks picks and a list of penny stocks that are breaking out in 2012. Penny Stocks are risky so always use tight stop orders when trading.
As we enter June 2012 – This is a list of hot penny stocks right now. These penny stocks have heavy volume and percentage gain which is what most day trader look for. These penny stocks trade on the OTC and Pink Sheets and are very high risk.
Great Wall Builders Ltd. (GWBU.OB) – Great Wall Builders Ltd. (GWBU.OB) has been a hot penny stock lately most likely because the stock is under promotion. You have to be careful with penny stocks that are under promotion because they are subject to a pump and dump scheme. However, investors keep investing in these penny stocks until they get burned and learn a lesson. I am merely just pointing out the best penny stocks year to date and you must decide whether or not they are right for you. GWBU is trading at $1.60 and has resistance up at $1.73. If GWBU breaks above $1.73, it has a good chance of going into the $2’s. Support is located at $1.40, and I’d avoid this penny stock below $1.40.
Top 5 Penny Stocks – After Great Wall Builders Ltd. (GWBU.OB), watch Sunpeaks Ventures, Inc. (SNPK.OB), watch SEFE, Inc. (SEFE.OB), watch Liquidmetal Technologies Inc. (LQMT.OB), and watch Cannabis Science, Inc. (CBIS.OB). All 5 of those penny stocks have the chance to rise again in 2012. However, I rarely buy OTC or Pink Sheets stocks. I stick to the best penny stocks on the NASDAQ, NYSE, or AMEX which I will list below.
Best Penny Stocks to Buy 2012 – These are penny stocks I would buy right now after I weighed the risks and found a place where I’d sell if I was wrong.
#1 Top Penny Stock Picks 2012
Samson Oil & Gas. (SSN) – ( Best Oil & Gas Penny Stocks 2012 ) Samson Oil & Gas. (SSN) is a small exploration and production company with oil properties in the Bakken Shale and Niobrara Shale fields. SSN recently hit $3.00 a few months ago and is back trading at $1.55. SSN is the Top Penny Stock to Buy now and worth investing in. I feel Samson Oil & Gas (SSN) can rally back to $2 at some point in 2012 which offers a very nice return on investment. SSN is a penny stock that gets hot when oil rises, everyone seems to want to own this stock but that is the time to sell. Buy low, sell high. SSN is a strong buy below $1.50 and like I said, has a 2012 price target of $2.
Samson Oil & Gas Limited, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas properties in the United States. It holds interests in the North Stockyard project in Williston Basin, North Dakota; the State GC Oil and Gas field in Lea County, New Mexico; the Sabretooth Prospect in Brazoria County, Texas; the Hawk Springs project in Goshen County, Wyoming; and the Roosevelt project in Roosevelt County, Montana. The company was founded in 1980 and is headquartered in Perth, Australia.
Top Penny Stocks 2012 – Below is a list of the Top Penny Stocks in 2012, you can fine this list updated daily by viewing my penny stocks to buy.
Goldfield Corp. (GV) – Buy Goldfield Corp. (GV) stock? I probably would on a rally above $1.75. However, this has been the best performing penny stock in 2012 so it could be due for a correction. I only like to buy these penny stocks when they break out.
Recon Technology, Ltd. (RCON) – Buy Recon Technology, Ltd. (RCON) stock? This penny stock recently hit $3 but has dropped. I would buy this one on a break above $2.03 for a quick trade. RCON is currently trading at $1.63 mid May 2012.
Entertainment Gaming Asia Inc. (EGT) & Galena Biopharma, Inc. (GALE) are two penny stocks to watch in 2012. These two stocks have been hot lately so I would research them.
Nanosphere, Inc. (NSPH) – NSPH is a penny stock I would buy today. The stock is sitting at $1.70 and has some real potential. Nanosphere, Inc. (NSPH) develops, manufactures, and markets molecular diagnostics platform, the Verigene System that enables genomic and protein testing on a single platform. This penny stock has been good all year long and all dips have been bought. The thing that would cause me to buy NSPH right now is the recent revenue spike. At the beginning of 2012, quarterly revenue was $828,000. Recently, the company reported $1,300,000 in revenue. This trend is expected to continue but the company loses money so they may need to sell some stock to raise capital. NSPH has good potential.
Ok, so there you have it, some of my best penny stocks for 2012. If you’d would like to start receiving penny stock alerts, I highly recommend that you sign up for twitter and follow me @stockstobuy. I release red hot penny stock alerts, breaking penny stock news, and daily penny stocks to buy. You can also find a lot of great ideas on my stock forum. Good Luck! If you have any questions, ask me on my forum or tweet me a message on twitter using @stocksbuy in the message. I answer 100% of all questions to the best of my knowledge.