So, after all of yesterday’s announcements, confusion still dominates the stock market today.
Obviously the major indexes have suffered some damage. Investors remain uncertain, and the Dow Jones and NASDAQ markets continue to hunker down. Disappointing reports on unemployment and lack of any real private sector growth have investors spooked about any sort of economic recovery.
So, the question is, “Where do we go from here?”
Well, while the big indexes are nursing their bruises, over on the OTCBB, penny stock investors are skipping down a profitable Yellow Brick Road. Unico, Inc. (OTCBB: UNCO) is up again (25%), and Cytta Corp. (OTCBB: CYCA) enjoyed a healthy 40% bounce in midday trading.
And, perhaps to counteract the prevailing doom and gloom of the economic news cycle, penny stocks traders are flocking to newcomer Camelot Entertainment Group, Inc (OTCBB: CMGR). Anybody got some popcorn?
Maybe penny stock investors are natural-born optimists, or maybe they just love a bargain in cheap stocks. Or maybe they’re just made of stronger stuff than the average bear. Whatever the reason, the penny stock market is humming along nicely.
This makes sense, because, in treacherous times, who in their right mind would overpay for assets? It makes sense to look for low-priced stocks, particularly the ones with promise for the future.
This is the perfect time for investors to use a short-term strategic trading approach, while remaining mindful of market volatility. Regardless of the long-term implications and prognostications of any of the Washington pooh-bahs, smart penny stock investors know where to find gold among the economic muck. And that means cheap, value-laden stocks with potential.
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