Economic Growth & to Buy Penny Stocks

The U.S. Commerce Department said that the U.S. overall economy or GDP result that only grew at 1.8% in the first quarter of this year (January-March) that less than forecast (2.2%).

The main reasons are surging gasoline prices that reached $4/gallon and sharp cutbacks in polity spending caused the economy to grow a little.

However, economists hope the economy will be better in next quarter.

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Buying penny stocks.

Don't concern only U.S. economic growth! Euro zone debt crisis still effects the market since Greece need to renegotiate its debts after received aid package for recovering.

Yesterday, penny stocks step in the good terms (opposite to economic growth). Let's see.

Mammoth Energy Group, Inc. (OTC:MMTE) is up nearly 30%. With good news of company that they acquired chilean lithium assets yesterday.

Shares of Cono Italiano, Inc. (OTCBB:CNOZ) are up more than 110% at $0.08. Cono Italiano Inc. announced it has entered into negotiations with investors for a minority equity position of company.

Muscle Pharm Corp. (OTCBB:MSLP) is up 6% at $0.0520.

IVT Software, Inc. (OTCBB:IVTW) is up 23% after CEO of company discussed their 2011 and 2012 forecast and international expansion. IVT Software has strong revenue.

Source: Penny Stock Classroom, Reality Smuggler, Yahoo! Finance