A glistening red Ferrari zooms by and off jumps a burly man in a black hoodie. He chatters excitedly as he takes us on a tour of his multi-million-dollar villa in Los Angeles.

The man is a penny stock trader who turned a small sum into a big fortune, and this is a scene from a reality TV show. The truth is, if you know which penny stocks to watch right now, you could follow in his footsteps and make some hard cash from technology penny stocks in This man is Timothy Sykes, a penny stock trader-turned-millionaire. His is the archetypal story of rags to riches. In the trading world, Tim Sykes is celebrated by rookie penny stock traders as the man who pulled the rabbit out of the hat.

But not everyone can be Tim Sykes. One misstep, and the dream of making quick riches can go down in flames. If you've followed my writings, you must be aware that I'm not a huge fan of trading.

These stocks sell for pennies for a reason. They have no promising fundamentals that can attract average investors. To put it mildly, investors find most penny stocks to be garbage investments. Then they make a pitch without doing much homework on the company. Anybody can do it. Then there are others who secretly hold the penny stocks they're tipping you on. They pitch you to buy the stocks without disclosing their positions and later sell on a pop—what we call a classic pump-and-dump strategy.

Let me be honest. Penny stocks are likened to gambling for a reason. There is no foolproof way to make money on penny stocks. And yet, impossible is nothing, my friends! If you're a novice investor in penny stocks, these three Vs might make it easy for you to screen out the right tech penny stocks to watch.

The first of the three Vs is Volume.

By volume, I mean the number of shares of the stock that trade on the exchange on a given day. This is the most essential metric to consider when investing in penny stocks. Why is it important? Because we've already established that penny stocks are not the hottest of tickers. The majority of the investor community steers clear of them. Low demand is what forces their prices to stay low. This causes their volume and, ultimately, their liquidity to shrink.

Low liquidity means the bid-ask spread is wide for these stocks. What does it mean? Hence, the wider spread. A penny stock with an average volume of over a million could be a steal. The second V is Value. In most cases, the company behind the penny stock is not profitable.

Worse yet, "profitable" technology penny stocks can be particularly elusive. Their performance hinges on one big idea that can either take off or completely crash. This is why I often rely on technicals for valuing penny stocks. It's okay if you don't understand the nitty-gritty of technical analysis. All you need to look for is one basic indicator. Begin with the stock price history for the last one year and look for support and resistance levels. Simply put; support is the range of minimum levels to which the stock price dropped before reversing its trend.

Resistance is the maximum levels to which the stock price rose before reversal. Take a peek at the price chart below for a tech penny stock— Groupon Inc NASDAQ: GRPN —to get a grip of what I'm talking about. The range between the support and resistance levels is your trading range. Once you've figured it out, the rest is easy. Just compare the current price with these support and resistance levels. If it's closer to the resistance level, steer clear.

It makes more sense to buy when the price hovers over support levels. Finally, the last V gauges Volatility. The one striking reason why penny stocks are more popular with traders than investors is this one factor. Penny stocks are highly volatile. With volatility comes high risk, and with high risk comes high reward. Except that last part is not a constant in the trading equation. High risk can also translate into hefty losses. So when given a bunch of volatile penny stocks, pick the one with low volatility.

A good measure of volatility that I use is the Average True Range ATR. Just use a good price-charting tool that shows you the ATR indicator. Next, look for two things. The first is the up and down swings in the ATR line.

The more swings there are, the more volatility there is. I like penny stocks with little oscillations in their ATR line. The second thing to note is the value of the ATR. The higher the absolute value of the ATR, the more interest buyers and sellers have in the stock, so the less volatile it will be. Compare two technology penny stocks— Zynga Inc NASDAQ: ZNGA and Glu Mobile Inc. You can see the ZNGA stock ATR going haywire, while the GLUU stock ATR shows fewer bumps.

Also note that the absolute value of the ZNGA ATR is 0. The conclusion is obvious. ZNGA is a more volatile penny stock than GLUU stock.

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So most of these penny stocks end up trading on over-the-counter OTC markets, particularly the OTC bulletin board OTCBB or through pink sheets. The only difference is that stocks that trade through pink sheets are small and opaque. Plus, public information on these companies is sparse. So brokers buy and sell them on the phone. So nearly any company can get listed on them. The result is that little is known about their business and financials. This is why I take investing in these stocks with a grain of salt.

I'm sure you're aware that tech companies usually list on the NASDAQ, and if you look closely, you can spot dozens of technology penny stocks being traded on it. Below are some such NASDAQ-listed penny stocks to watch. Penny stock investing may not be for everyone. Parlaying your winnings on a few successful trades will not necessarily turn you into the next Tim Sykes. And yet, it is not something that should give you the heebie-jeebies. Just remember, when Buffett started off his investing career, he too started off small.

He invested in quite a few little-known companies just because their moat was strong. If they were selling on an exchange, they would have likely been selling for pennies on the dollar. Right now, only you see your hand. Either you raise the stakes to go all in, or you play it safe. Should you decide on doing the latter, my Three-V formula might come in handy. Bear in mind, though, that the picks on my list of top technology penny stocks to watch might not check on all three Vs.

That territory is left open for you to explore now. With legislation across the world generally trending toward the legalization—or at least decriminalization of the drug—growth potential is strong, with investors seeking out "the best…. Should You Invest in Tech Penny Stocks? Technology stocks have been one of the few bright spots in an otherwise underwhelming earnings season. While the higher priced Facebook, Amazon, Netflix, and Google FANG stocks have been sending the tech sector higher, there are a large number of great technology penny stocks that have been outperforming….

But there are still some bargains around if you know where to look: With the global markets getting hammered, interest in penny stocks is heating up. Penny Stocks Represent Best Opportunities in Overlooked, undervalued, fundamentally sound penny stocks will provide some of the best growth opportunities in the New Year.

While the broader markets continue to trade near record…. Two Top Penny Stocks for Despite the massively inflated stock bubble of recent years, there are some penny stocks that remain highly undervalued.

Two of the clearest examples are Sirius XM Holdings Inc.

SIRI and Linn Energy, LLC NASDAQ: Penny stock investing has always been a risky endeavor. The case is particularly true when market volatility is high.

On the surface, investing in penny stocks seems pretty easy. And for a company to legitimately double in price, it has to do something pretty spectacular. During the recent stock market crash, many stocks fell to the floor.

Soon afterwards, the market rebounded and stocks are on their way to pre-crash levels. In times like this, investors need to be extremely cautious, especially when it comes to penny stocks. With enough due diligence, however,…. There are a lot of penny stocks out there. But not all of them are poised to reward investors.

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Most of them are considered as penny stocks for valid reasons. However, the following are three penny stocks with great long-term potential. Penny Stocks to Watch Cowen Group, Inc. It has been a volatile week in global markets, and a good penny stock pick list is always good to have on hand. Penny stocks of course are a high-risk investment, and should be approached with a considerable degree of caution. But, with the right amount of research,…. Penny stocks are not expensive and could merit a considerable profit.

But keep in mind; there could be a significant downside as well. Not all penny stocks reward investors. Most penny stocks suffer from poor management, high cost operations, massive debt levels and generally no bright outlook. And the vast majority of them are penny stocks for a reason. There is no other way to say it: As an investor, you have to pick and choose, because a lot of the hot companies today may take a beating when a correction hits.

Still, there are companies that have solid growth and…. The top three penny stocks are not your typical penny stocks. They are not thinly-traded over-the-counter stocks trying to eke out an existence in a niche nobody cares about. These three penny stocks all trade on major indices; have strong fundamentals and business plans; solid volume; and tremendous….

As of June , the following are the top penny stocks to keep on your radar. Below I have identified the top three penny stocks to watch in April that are great examples of the kinds of companies that have the potential to provide massive returns to investors in the second quarter, especially as markets continue to show some resilience.

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