Wanderport Corp (WDRP)

[scmfinance]

In trading low-level penny stocks, I often hear investors complain about the lack of news from companies and companies not keeping investors informed. Typically, these companies are working on one product and it takes time to develop the product and there really is not much a company can report on in the mean time. With larger companies, it's much different as they have multiple projects going on and can report on events weekly or even daily.

So, if you are not going to trade low-level penny stocks and are going to choose to invest in them, my advice is to do your due diligence, invest what you can afford and not follow it religiously. It will only drive you nuts. Check-in every once in awhile with the PPS and determine if you want to average down (as the PPS most likely will be going down) and set an email alert to receive news once it is released.

If you do not have the patience, then I would suggest trading the stocks by buying at a definitive support area and selling at a reasonable resistance area. You would be looking for small profits and not giant home-runs.

Most low-level penny stocks (especially those that issue news often) are companies that are very close to being scams (and some actually are). But, very rarely, you will find a company trying to legitimately bring a product to market that may pay-off nicely. But, even if it is a legitimate company, sometimes it can not bring a product to market soon enough before finances run out.

Hopefully, WDRP can bring their product to market and pay-off nicely for all of us.