I’ve said it before and I’ll say it again: penny stocks are like lottery tickets, and the right penny stocks can earn you lottery-type profits.
That’s why there is so much insider action in the penny stock market.
So how could you win the penny stock lottery?
The best penny stocks don’t stay penny stocks for long.
They begin being traded at $1 or $2, but when the time is right, they leap, jump, and climb up over $10 and beyond.
That’s why, many times, insiders of penny stock companies can’t help themselves from buying a ton of their own company’s stock when they learn a positive piece of inside information.
Those insiders see the low cost of the stock, the potential for monstrous gains, and they simply want to see their money quadruple.
Look at just one example of penny stock potential from Stockcharts.com:
Achillion Pharmaceuticals, Inc. (ACHN) was hovering around the $3 range in June just before it skyrocketed up to $8 within the same month (that’s more than a 100% gain).
Then ACHN kept climbing and eventually hit the $15 mark…
So by going from $3 per share to $15 per share, ACHN increased by 400% in a few months!
If you had invested just $1,000 in ACHN in the first half of 2014, you would have earned profits of $4,000 on top of your investment!
A $10,000 trade would have earned you $40,000!
And the best part is that the insiders of ACHN tipped off those who know how to track the insiders when they bought huge amounts of shares in this stock.
In that situation, the insiders clearly knew that the stock was heading up, and if you were to follow them with ACHN, you could have made 400% profits on your investment!
And ACHN was actually one of the first recommendations made through Penny Stock Insider, my monthly newsletter that combines the power of insider buying with the potential of penny stocks.
Check your email for an invitation to join Penny Stock Insider.
