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What Are the Top November 2016 Penny Stocks to Watch?

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Summary：Discover the top penny stocks to watch in November 2016, including Sunesis Pharmaceuticals, Rennova Health, and Opko Health. Learn investment strategies for successful penny stock investing.

Introduction:

Penny stocks are stocks that are traded at a low price and are often considered to be high-risk investments. However, with the right research and strategy, investing in penny stocks can result in significant returns. November 2016 has some promising penny stocks to watch out for. In this article, we will discuss the top November 2016 penny stocks to watch and why they are worth considering.

1. Sunesis Pharmaceuticals, Inc. (SNSS):

Sunesis Pharmaceuticals, Inc. is a biopharmaceutical company that specializes in developing cancer treatments. The company's stock price has been on the rise since the announcement of their new drug, Vosaroxin, which has shown promising results in clinical trials. The drug is currently in the final stages of development and is expected to receive FDA approval soon. This makes Sunesis Pharmaceuticals a great penny stock to watch out for in November.

2. Rennova Health Inc. (RNVA):

Rennova Health Inc. is a healthcare company that provides diagnostics and supportive software solutions to medical providers. The company's stock price has been on the rise due to their recent announcement of a merger with Medytox Solutions, Inc. This merger is expected to result in significant growth for the company, making Rennova Health Inc. a promising penny stock to consider.

3. Opko Health Inc. (OPK):

Opko Health Inc. is a biopharmaceutical and diagnostics company that specializes in developing treatments for various medical conditions, including cancer and diabetes. The company's stock price has been on the rise due to their recent announcement of a partnership with Pfizer Inc. This partnership is expected to result in significant growth for the company, making Opko Health Inc. a great penny stock to watch out for in November.

Investment Strategies for Penny Stocks:

Investing in penny stocks can be high-risk, but there are strategies that investors can use to minimize their risk. One strategy is to do thorough research on the company before investing. This includes looking at the company's financials, management, and any recent news or developments that could impact the stock price.

Another strategy is to diversify your portfolio. Investing in a variety of penny stocks can help spread out your risk and increase your chances of seeing a return on your investment. It's also important to set realistic expectations and not invest more than you can afford to lose.

Conclusion:

In conclusion, investing in penny stocks can be a high-risk, high-reward investment strategy. The top penny stocks to watch in November 2016 include Sunesis Pharmaceuticals, Inc., Rennova Health Inc., and Opko Health Inc. Investors should do thorough research and consider diversifying their portfolio when investing in penny stocks. With the right strategy and a bit of luck, investing in penny stocks can result in significant returns.

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penny stocks to watch november 2016Sunesis PharmaceuticalsRennova HealthOpko Healthinvestment strategies
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