Listed in Penny Stocks, Stock Picks, StockGuru.com, Day Trading, Best Stocks
SOMERVILLE, N.J.–(BUSINESS WIRE)–Conolog Corporation (OTCQB: CNLG), an engineering and design company that provides digital signal processing solutions to electric utilities, announced today receiving new purchase orders for the months of February and March of $135,000 and shipped $391,000 for the same months. The Company expects to finish shipping the new orders by the beginning of May. The Company anticipates new order generation for April to be approximately half of the combined February and March amount.
About Conolog Corporation
Conolog Corporation is a provider of digital signal processing and
digital security solutions to electric utilities. The Company designs
and manufactures electromagnetic products for the military and provides
engineering and design services to a variety of industries, government
organizations and public utilities. The Company’s INIVEN division
manufactures a line of digital signal processing systems, including
transmitters, receivers and multiplexers.
Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.
The best reasons to trade in penny stocks are the fact that they do not require a large initial investment, meaning that they are an affordable investment for many. Penny stocks are cheap. For example if you were to buy 1000 shares in a company with shares at 10 cents, you would only require an investment of $100, whereas if the shares cost $5 you would require an investment of $5000. Penny stocks also have the potential of huge gains, and have been known to rise as much as 1000% daily. Therefore your $100 investment can be worth $1000. This is very unlikely to happen to other stocks from large cap businesses.
Article source: http://www.businesswire.com/news/home/20110428005422/en/Conolog-Announces-Shipments-391000-Purchase-Orders-135000