My First Penny Stock Picks --- Ever !!! ---

Alrighty...

Like I said, I opened my very first brokerage account at Zecco.com. My initial deposit was $600. I place my first orders to buy stock on Tuesday, November 6.

I have some very basic knowledge of the stock market & I know penny stocks can be a bit more volatile than say---Wal-Mart stock. I admit I am learning different acronyms & their meanings on the fly..can't bring myself to stare down a list of terms and memorize them in one shot...although I may have to soon, I suppose.

So far, I have bought shares in 3 companies:

1. $150 in Silicon Image (SIMG): This company interested me due to number of factors. Firstly and not necessarily my most important reason to buy SIMG shares was that I read a good article about SIMG at MotleyFool.com. Some other reasons I like this company:

• They own patents on HDTV technology that will surely skyrocket their income & profits over the next 2-3 years. They will receive royalties on these technologies as people start to buy more and more HDTV stuff.
• SIMG financials look good. Especially their balance sheet. They have a steady profit margin on their income statement, although it does fluctuate a little. What's ahead in the next couple years is what is important though. I admit I have no idea how high this stock "should" go, but I'll be selling around $9 pps (price per share, right? lol).

2. $100 in Industrial Nanotech (INTK): They are a maker of some high tech sort of coating. Darnitt...I can't remember everything about why I bought this stock on tuesday. I do remember reading an article about how they have a big gov't contract coming up & that's what excited me. Here's an article I pulled up just now.

3. $120 in Valence Technology (VLNT): Valence makes some type of super duper gizmo batteries. Lithium Phosphate I believe. Their profits are increasing quarterly, and the market for these batteries still has a lot of growth potential.

That's it for now...I'm going to do some research today to see if I can find some more good ones (if these turn out to be good anyhow, lol). By the way, I'm in all 3 of these stocks to get at least 25% profits. I'll hold them for a while if need be, but I want to develop a sort of swing trading method with penny stocks...meaning I want to buy/sell a stock within 30-60 days.

That's all for this post.

ttyl