Listed in Penny Stocks, Stock Picks, StockGuru.com, Day Trading, Best Stocks
Local consumers hungry for Daily Deals are breathing new life into the
newspaper industry with new sources of revenue, according to tracking
reports from Monster Offers (OTCBB:MONT), a leading mobile banking solutions provider and Daily Deal aggregator. Monster Offers industry tracking finds that daily deals were purchased by more than 250,000 customers in March alone. Paid subscribers to local
newspapers offering Daily Deal programs are estimated to include an
audience greater than 18 million households.
Monster Offers has been tracking the Daily Deal industry since July 2009
and releases proprietary data on a monthly basis to subscribers of its
Deal Reports. Other Monster Offers clients receive ongoing competitive
tracking and analysis about local deals and insights about popular
categories and sales trends.
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.