Listed in Penny Stocks, Stock Picks, StockGuru.com, Day Trading, Best Stocks
TAMPA, FL — (Marketwire) — 04/27/11 — MagneGas Corporation (OTCBB: MNGA), the producer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today that it has begun selling MagneGasfuel to Alabama-based J M Cylinder Gases (“J M”).
J M is one of the largest independently owned manufacturers of acetylene in the southeastern U.S. and has an established sales platform with eight distributors and their 22 total stores across Alabama and Tennessee. J M also operates retail stores of its own. J M has taken receipt of its first fuel shipment from the Company and has begun converting acetylene users to MagneGas.
As with previously announced Blue Water Industrial Products, J M’s goal is to eventually make MagneGasa leading component of its fuel product offering. MagneGas has granted J M the master distributor territory rights for the state of Alabama and the 250-mile radius around its Decatur, AL facility.
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.sys-con.com/node/1808662