Finding the Right Penny Stock Listing for You

Even with all of the advanced technology, news gathering and digital tickers available to investors, there is still something to be said for playing a gut feeling now and then. If a stock, or a company, just doesn’t feel right, you can’t really be blamed for passing on it. The old saying goes that your first impression is often the right one, but once in a while, some penny stock listings do demand a second look. Here are a few penny stocks that experts feel are going to be making big headway in the coming months.

Our first penny stock listing comes from a company known as HealthAxis (HAXS: NASDAQ). This up and comer is looking to become a major player in the health care industry and with the prospect of some kind of government run health care system being implemented over the coming years, a company like HealthAxis, a purveyor of health care administrative and billing tools, is sure to profit. With a current share price below 40 cents, this is one company that demands a second or even a third look if you have passed them over recently.

Not every penny stock out there is a business most people haven’t heard of. Case and point, Sirius XM Radio currently has a share price below 40 cents, so by the general definition of a penny stock listing, this company fits the bill. The question is, of course, is investing in this company worthwhile? More and more signs are pointing to yes. As the technology that makes satellite radio possible comes down in price, more and more people are sure to abandon the static and interruptions of terrestrial radio for the crystal clear magic of Sirius or XM. This stock is already at or near bottom out levels, so don’t wait too much longer to snap up shares of this soon to be mighty radio power.

Most investors are taking a wait and see attitude when it comes to banks and investment firms that collapsed during the recent economic crisis. One such bank, Wachovia, has a current share price of only five dollars and change, which makes it a very curious penny stock listing to many people. Now that Wachovia is under the control of Citi, many investors are slowly crawling back to this once proud mega-bank in hops that the storm clouds are parting. Conventional wisdom says that the storm isn’t quite over yet, but that brighter things could be on the horizon.

Excellent penny stocks don’t have to be located only within the United States. There are many burgeoning Canadian penny stocks that might also be worth looking at. One such company is Certified Environmental Group (CENV PINKSHEETS). This environmental group recently announced a major contract to provide water purification services to numerous First Nations tribes all over the eastern coast of Canada. With an almost invisible stock price of only 8 tenths of one cent, it would be difficult to find a more affordable investment option.

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