PennyStockWizard.com Review – Is it a scam?

Penny Stock Wizard is a financial website that aims to alert users with updates of undervalued stocks with potential to outperform the broad markets. It chooses companies base on the book value, price/earnings ratio, volume, moving average, shares outstanding, and market capitalization. It further claims that it chooses companies that are not followed by Wall Street analysts or by the financial media.

More about PennyStockWizard

Aiming to guide new investors, Penny Stock Wizard offers free penny stock newsletter that contains exclusive stock reports and emerging sector growth analysis projections. The website provides insight and explanation to assist members through their penny stock picks.

It initially uses paper trading to to produce real numbers. The results are then presented to investors as a source of information.

What are Penny Stocks?

Penny stocks pertain to small shares of companies that are sold to raise capital. These stocks are usually below $5.00 and companies with these stocks are offered with Pink Sheets to provide credibility. While there are risks involve in purchasing these stocks due to their unpredictable nature and being easily manipulated, profitability is possible.

Final thoughts on PennyStockWizard.com

Not all websites that claim to offer help for newbie investors do really offer one. Many of these websites are just presenting you their sales pitch. This could be attributed to the stockbrokers involve in the site, who may also be eyeing the stocks they’re presenting. Don’t fall for this trap. Read, compare, and make sure you get information from credible professionals in the financial industry.

Please leave your comments or your experience with PennyStockWizard.com below; it helps others.

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