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    Frequently Asked Questions about Penny Stocks Daily
    and Micro Cap Stocks in General.
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    What kind of Broker should I have for Penny Stocks?


            What you need to do for Penny Stocks is find a broker with an
    advanced trading platform, no share limitations, no extra fees for stocks
    under one or five dollars, a reasonable trade minimum per month, all
    around ten dollars a trade with free limit orders and a minimum account
    balance that fits your style.  There are tons of them out there, just be sure
    to read the fine print.  Currently, we believe Etrade.com provides the best
    mix of all options, works perfectly for Penny Stocks as well as listed
    stocks, and fits all trading styles.  We do not receive any compensation
    from E*trade for this recommendation.


    Do I need, and how do I get real time information?


            Having real time information and Level II quotes is essential in the
    fast moving world of Penny Stocks.  Even if you feel your longer time
    horizons make getting quick executions where you want them not
    important, getting in and out at the exact right time will help you realize
    those paper profits.  Be sure to check with the broker you plan to use to
    see what is required to access their most advanced trading platform.  
    Doing whatever it takes to get this kind of platform for free will save you
    tons of money as compared to buying expensive software, and paying
    hefty monthly fees for each and every feature.  The only thing you may
    want to pay for is screening functionality.  There is simply no free service
    that can screen for the real liquidity you are looking for in Penny Stocks.  
    Some services allow you to screen and sort stocks by price, Trades Per
    Day and Dollar Volume, and these are the types of features you want to
    look for.  Currently, we believe the best screening service for Penny
    Stocks is from MicroCapTrade.com, and again, we receive no
    compensation for this recommendation.


    How do I understand how liquid a penny stock is?


            The number of shares outstanding as last reported by the company
    in their latest quarterly, annually, or other filling with the SEC is one of the
    most important numbers to look at.  Please note that this number is
    often outdated, as companies can bury shares deep in any number of
    sec fillings.  Another number you may want to look for is the number of
    authorized shares.  These shares are available for use without a
    shareholder vote at anytime, although they will let the SEC know
    whenever they issue these shares.  Yet another important number is the
    float, this is the number of shares that are not insider owned or tied up in
    options and other vehicles that keep them away from the open market.  
    In the penny stocks world, knowing how many shares there may be
    outstanding and always keeping this in mind is critical.  We do not
    screen for stocks that are potentially being sold short, we know that short
    sellers are guaranteed buyers at some point, and are a natural part of
    any financial instrument.  What we do watch out for is a huge percentage
    of the companies shares being sold short, which could potentially raise
    suspicion of naked short selling.  This is when unscrupulous investors
    sell shares on the open market that may not even exist.  This is obviously
    not good for everyone involved, and the SEC and congress are beginning
    to take steps towards combating this activity.  We cannot guarantee the
    accuracy of the number of shares outstanding that we post, and in many
    cases, companies can issue shares in a way that is quite elusive, and
    we admit that there will often be more issued, especially when the stock
    price goes up.  Remember that the company is not selling these shares
    directly to the public, but rather, issuing them to corporations and
    individuals for rendering some sort of service or acquisition, and they in
    turn may sell them on the open market.
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