This is a great method that I once acquired from a wonderful financier that I latterly met. He has given me many concepts, but this one was one of the most straightforward concepts I had never ever considered till today.
If you are aiming to get on top of what’s going down with a certain stock you’re considering making an investment in, what you may not know is that local mags, papers and even local blogs contain info that’s terribly valuable on corporations. And would you accept it comes out days before anybody knows about it.
This can offer you the benefit on knowing about a key development of a specific company. Before the common public knows about it, you can realize what it may do. It’s really less complicated with penny stocks than it is with the bigger stocks, because smaller corporations are not promoted or publicized as much, so frequently you can beat most major stories outlets to the punch.
A friend of mine used this system on satellite radio to make a lot of money one or two months back. This isn’t the best example because satellite radio is a really widely recognized, however if you remember back in Feb when they were thinking about insolvency options, their share price plunged.
He managed to find a local paper that was reporting an early story of the likelihood of the company getting a big funding of cash in the amount over 2 hundred million. After doing his research and confirming the story,he immediately purchased as many shares as he could afford at the rock-bottom cost of $0.08 per share.
Immediately there after, that reports were confirmed and reported by all of the major reports outlets. And inside a month, he’d sold all his all his stock at $0.35 per share, for a 337% gain in under thirty days!
If you’d like to try this method, first visit the yahoo finance main page and enter the stock symbol for the company you are researching. Then click the company profile. It should list the firm’s home city on the key page.
Then begin to look for little papers in your company’s home city. When you find one of the sites, search the company on the primary page of the site. You might find some engaging local interest stories that apply to the condition of that company, and could probably permit you to gain from it in times to come.