On the precipice of another stock market trading week we’re taking a look at the two penny stock picks that were mentioned this past week; LGM and GWY. It’s interesting to note that LGM hasn’t actually traded since Tuesday. I did some digging but couldn’t find anything that resembled the stock being halted or renamed at that date so it seems that it must be just tight ownership on those stocks.

That can be a good thing for the long term stock investor since it means that the owners are all sticking around for the long term and aren’t interested in just the short term opportunities but longer term prospects of the penny stock. However it works against you if you’re after the quick buck. If you’re a penny stock trader you should steer clear of low volumes because that means you’re not likely to be able to get your orders filled at attractive price levels.

Galway Resources was a profitable penny stock pick for the week though, closing up $0.05. Starting off the new trading week at $0.95.

Before coming up with any more stock market predictions I think I’m going to hold off for the first day of trading to get some cues to how the week will play out. It’s almost a more difficult time to be investing than it was during the crash. Volatility is a tricky thing. Happy penny stock investing to you all.

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