Building Penny Stock Fortunes With These Great Stocks

Posted by admin on 05 November 2008


Every fortune, no matter now large or how diverse had to start somewhere. For some investors, their path towards real, long term wealth started with an investment in what is known as a penny stock. Penny stock fortunes aren’t as rare as you might think. Every year, companies invent technologies, win contracts and become real players in their respective industries. The people that profit from that breakthrough are the ones that see the breakthrough coming and snap up as much stock as they can. Here are a few companies that are positioned to become major players over the next few months and years. Who knows, maybe you’ll have your very own penny stock fortune starting today.

One area that is widely considered to be a safe harbor in times of economic distress is affordable entertainment. Events like concerts and live sports attendance tend to drop, but trips to the movies and television viewership skyrocket. The Envit Capital Group (ECGP PINKSHEETS) recently announced a new contract with long time comedy giant The National Lampoon to create and produce various forms of entertainment, including television, film and online content. With a stock price around 60 cents, you are sure to be entertained by your investment in this great penny stock.

One technology that is as recession proof as they come is the Internet. With more and more businesses forgoing brick and mortar stores in favor of virtual storefronts, the Internet is sure to grow at an exponential rate, regardless of what the rest of the economy is doing. One new technology company, MyStarU.com (OTCBB: MYST) is on the verge of breaking out of the cluttered web technologies sector thanks to an incredible performance at a recent tech show in China. MyStarU.com is now flush with new contracts, so don’t be surprised if the next website you visit is powered by technology provided by these guys. MyStarU.com may be the next building block towards penny stock fortunes the world over.

Some may argue that there are no sure things in the world, but when it comes to investing, the idea that there is an incredible amount of money to be made in China is as close to a guarantee as you are going to get. China Natural Gas, Inc. (OTC BB: CHNG) is one of the biggest fossil fuel providers in the country. As China continues to modernize, their voracious appetite for energy is sure to send this stock through the roof. As one of the only China-based energy stocks traded in the United States, it is probably a good idea to snap up as many shares of this company as possible while it is still trading at around $3 a share.

One final industry that is often highly sought after during times of economic recession is food manufacturing and distribution. More and more people are sure to be looking for shopping values, which means increased membership at discount wholesale vendors like Costco and Sam’s Club. Cross Atlantic Commodities (PINKSHEETS: CXAC) is one of the biggest suppliers of products to those types of stores, so it makes sense to explore an investment in this company fast. With stock prices under a penny, people everywhere may be on their way to building penny stock fortunes of their very own.

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