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A trait worth looking for in penny stocks

by , 29 October 2015

Many penny stocks are young, dynamic companies that are involved in new technologies and developments.

These penny stocks have the potential to shape our future and change the way we do things.

So what should you look out for in penny stocks that could indicate great times ahead?

Read on to find out…

Penny stocks involved in software

When you first look at different penny stocks, their businesses may not scream software. But if you delve a little deeper, you’ll find that it’s at the crux of what they do.

Software businesses are at the heart of many businesses, whether they be in logistics, payments or telecoms.

Think about the largest and most popular companies in the world, for example, Amazon, Apple, Netflix, Facebook, LinkedIn, the list goes on.

These companies may be retailers, movie streamers, music companies or recruiters, but they’re all essentially software companies.

No doubt you already use the services of one of these software businesses, but you just haven’t looked at them in this way before.

Why software is so important

The important thing is that many advancements aren’t due to other developments, they’re down to the power of software, Sean Keyes in Penny Sleuth explains. For example, 3D printing and genomics.

And big companies need to have cutting edge software to keep up with their rivals. It part and parcel of today’s business world.

If you’re looking a new penny stocks to invest in, look for the software element and the potential to make big changes with that. This could involve providing services to larger businesses or making changes in an older industry.

It could prove very lucrative for you.

So there you have it. A trait worth looking for in penny stocks.

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A trait worth looking for in penny stocks
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