Penny Stocks - Penny Stocks to Buy 2020

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Penny Stocks to Buy 2020 - Top Penny Stocks 2020

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Penny Stocks 2020 - Penny Stocks to me are stocks trading below $5.00 per share but most people think Penny Stocks are stocks that are trading below $1.00 or even lower.  There is a lot of risk in buying penny stocks for both the long and short term because they are a huge gamble.  A penny stock is a penny stock for a reason and chances are the company you are buying is in financial or legal trouble.  Thinking a stock that trades below $0.50 is a cheap stock is completely false.  It's important that you do your research and know the risks of penny stocks before you buy into the company.

I don't usually buy penny stocks but when I do, I have done extensive research and have only invested money I am willing to lose.  The fact of the matter is, new investors who begin trading stocks are attracted to penny stocks.  This goes back to the statement I made above about people thinking penny stocks are cheap.  Once again, this is the biggest myth in the stock market.  Penny stocks are penny stocks for a reason; I can't stress this enough.  Once in awhile, a penny stock will emerge into a stable company and that stock will begin to explode higher.

In 2020, the Top Penny Stock to Watch is Cloudera (CLDR).

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As always, you can check my daily list of 
penny stock gainers.

Penny Stocks to Buy 2020

Cloudera (CLDR- My Best Penny Stock Idea for 2020 is Cloudera (CLDR).  Shares of CLDR recently dropped below $5 but then rallied above $7 after Carl Icahn announced he took a position.  Analysts and investors view CLDR stock as undervalued even below $10 so if the company can execute, this will be a big gainer in 2020.  Watch this penny stock closely in 2020!
 
HTG Molecular Diagnostics (HTGM) - My #2 Best Penny Stock to Buy in 2020 is HTGM.  HTGM ranks the high on my Best Penny Stocks list because the stock has been very volatile over the last two years.  We saw HTGM rally from $2-$3 several times last year and as we get into 2020, I'm expecting this $0.96 penny stock to hit $1.50 in 2020. HTGM is a penny stock to watch in 2020.

Eldorado Gold (
EGO) - When looking for penny stocks to buy, I like to mention the latest penny stocks to see big upside and volume.  EGO was a homerun penny stock for us last year with shares jumping from the $3's to $9's.  The best performing penny stock that beat out EGO for us was GBTC.  I bought a ton of GBTC shares in the $4's and watched the stock hit $17 during the summer.  I still hold because I'm expecting big gains.  As for EGO, I would be selling about $9 and moving on.
 
Also check out the Top Penny Stocks 2020.

Other Penny Stocks to Watch 2020 - Medical Marijuana (MJNA), Hudson Technologies Inc. (HDSN), J. Jill (JILL), Waitr Holdings Inc (WTRH), Noodles & Company (NDLS), GoPro (GPRO).