PreferredPennyStocks.com Review – Is it a scam?

Preferred Penny Stocks of PreferredPennyStocks.com is another penny stocks alert website that claims to provide with stocks that have the highest potential for gain. They call themselves as Preferred Penny Stocks because according to them, they refuse to recommend 95% of stocks they come across with. Instead, they choose the best and only recommend the 5% of those stocks with the highest potential.

Signing up with Preferred Penny Stocks is free of charge. By signing up, you will be receiving their newsletter and their real time penny stocks alert for free. However, they caution that you should do your part too in diligently looking into these companies.

What are Penny Stocks?

Penny stocks are micro cap stocks that have become popular due to their selling price per share. These stocks are sold under $5 per share. Because of this inexpensive pricing, penny stocks can be easily manipulated.

A company could buy a number of shares of these stocks leading to a raise in their prices. They will then use this sudden increase in stock price to lure other people to buy their stocks. When they have sold the stocks, they will walk away with the profit, leaving those poor buyers with low-priced stocks (law of demand and supply).

Final thoughts on PreferredPennyStocks.com

There are companies similar to PreferredPennyStocks.com that are not really investment companies. Rather, they are simply marketing companies who are tying up with another company and offer you stocks of their partner companies. Thus, before you follow the tips of such sites, make sure you do our own search too.

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

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