Listed in Penny Stocks, Stock Picks, StockGuru.com, Day Trading, Best Stocks
Media Technology Innovator Launches Unique Online Destination for
Premier Race Series
MIAMI–(BUSINESS WIRE)–NetElement (OTCQB:NETE),
a publisher of digital destinations and services provider, today
announced its sponsorship of the 2011 Ferrari
Challenge, Ferrari North America’s premier race series comprised of
six North American events, including a race that supports the Montreal
Formula 1 Grand Prix. As part of the sponsorship, Motorsport.com,
a Net Element service, will launch a unique online destination for
Ferrari Challenge fans. The series begins this weekend in Sonoma, CA, at
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.