| Best Penny Alerts is a stock technical analysis | | | | available on a consumerized level. |
| software/list which everyday traders can sign up for | | | | As the name suggests, Best Penny Alerts ONLY |
| to receive smart stock picks to invest in. After | | | | targets penny stocks, making it all the more |
| hearing amazingly conflicting reviews of it, I decided | | | | attractive given the increased profit potential |
| to try it for myself first hand to put the sales pitch | | | | associated with cheaper, more easily influenced |
| disguised reviews to rest. This is my complete review | | | | stocks. It doesn't attempt to even target more |
| of Best Penny Alerts. | | | | established, greater priced stocks which is important |
| The first thing to understand is how Best Penny | | | | given the difference in the analytical process. I've had |
| Alerts works. The idea of stock technical analysis | | | | poor experiences with other stock technical analysis |
| software which emails out winning stock picks to | | | | software which attempts to "do it all". |
| traders sounds too easy and if it is indeed as they'd | | | | The first pick I received is a wonderful example of |
| have you believe, why doesn't everyone use it? The | | | | the potential of cheaper stocks. It was first valued at |
| answer is as obvious as you'd expect. While millions | | | | 20 cents exactly when I received word via email late |
| of traders are signed up for these programs, many | | | | Sunday night. I placed an order for 1000 shares, |
| others who are even familiar with this technology are | | | | investing $200. I had to get on with my own day job |
| under the impression that it is too good to be true. | | | | after placing that order early in the morning, but later |
| Thus this calls for a better understanding of how a | | | | when I got a chance I found that stock immediately |
| program like Best Penny Alerts works. | | | | began trending. That stock closed at 41 cents a |
| The stock technical analysis software looks for | | | | share with the market. |
| breakout trends from the past both distant and | | | | When the market reopened the second day I made |
| recent and looks specifically at the factors which | | | | sure to check in on that stock's performance |
| enabled that trend to form and break in the first | | | | regularly as it continued to trend, covering 10 cents in |
| place. It builds and continually adds to huge databases | | | | the first 2 hours alone. This I believe can be |
| of these factors and constantly applies them to | | | | attributed to the fact that outside investors began |
| current real time market behavior, looking for | | | | to take serious notice of that stock and jumped on |
| overlaps. | | | | late the preceding evening. However you want to |
| This is the single most reliable way to anticipate | | | | account for it, that stock topped off finally at 63 |
| market behavior both in theory and because it | | | | cents, accounting for a 215% increase in valued in |
| ensures that emotions or any other polluting factors | | | | that short time before topping off there and dipping |
| don't affect your trades. Incidentally this is the same | | | | a bit. This being my first pick, I was content to get |
| method used by professional traders each and every | | | | out at this time. |
| day and more recently this technology became | | | | |