Penny Stock Investing Advice

Although the idea of purchasing penny stocks still gives some people a case of the willies, the truth is that, when properly researched, penny stocks are no more or no less risky than any other stock purchase you may make. The key to smart investing is all about learning, research and instincts. Take away any one of those elements and you may not make a wise decision. If you want to buy penny stock, start with the four companies listed below, but remember, your investment will only be worth the time you put into it.

When we think about news items that tend to move a lot of stock, we put new inventions or major contracts at the top of the list and tend to put everything else several rungs below it. In reality, winning prestigious awards can move quite a bit of stock, too. KANA Software, Inc. (OTCBB: KANA) is a company that offers multilingual customer service solutions to businesses all over the world. They recently grabbed a prestigious industry award that ranked them as one of the best new companies of their kind. With a stock price still under a dollar, you may want to investigate this company sooner rather than later. After all, if there is one thing every company on earth could use, it is better customer service.

Along with winning awards, major partnerships with long time blue chip giants can also motivate people to buy penny stock en masse. Location Based Technologies, Inc. (OTCBB: LBAS) is a company that manufactures locator devices that can be used in the home and throughout a neighborhood or community. What sets this company, and their sub $3 stock, apart from the competition is an announcement of a partnership with Apple that will allow their technology to appear in iPhones. Needless to say, the boost a company like this can get from a partnership with Apple is enormous. If you are looking to buy penny stock, this might be the company for you.

As the world hurtles towards a completely digital future, one company is riding the wave all the way to the bank. MedeFile International (OTCBB: MDFI) is a company that helps doctors and hospitals digitize medical records so that patients can have an electronic copy instead of just a print one. Needless to say, the benefits of such a technology are seemingly limitless, so you might want to keep an eye on this up and comer in the world of penny stocks.

The final company profiled here is a personal favorite. Clearly Canadian Brands (OTCBB: CCBEF) makes some of the most original and delicious beverages in the world and is an icon throughout Canada and even in parts of the United States. With a current share price of just 34 cents, this is one company with a proven track record of customer satisfaction. Recent talk of brand expansion has investors looking to buy penny stock in Clearly Canadian.

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