For most of 2021, there was a buying frenzy for meme stocks and penny stocks. It seemed as if anything that investors touched turned into gold. Sentiments have reversed dramatically in the first two quarters of 2022. Growth stocks and penny stocks have been severely punished by the markets.
While economic headwinds continue to affect market sentiments, there are several penny stocks that seem grossly oversold. I believe that some exposure can be considered to these stocks.
My focus is on penny stocks that are worth holding for the next few years. While some may give multi-fold returns, the healthy stocks among these picks will likely still provide some growth at the least.
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