10 Best Cheap Penny Stocks to Watch For October 2015

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Penny stocks elicit negative feelings from the market watchers because of the deception that has become associated with these types of purchases. For clarification, the determination of penny stocks was based on stock that was below $10 in price

1. Advanced Micro Devices Inc (AMD)

Recent reports of the company downsizing has this stock slipping. This reduction in force is part of a restructuring plan in order to streamline and lower costs. Improvements in technology will allow this company a chance to come back once the restructuring is complete. This stock is a watch and see, but it was a better buy a few months ago.

2. Northwest Biotherapeutics, Inc. (NWBO)

Based on recent reports, this company is spending a tremendous amount of research dollars now working on cancer treatments. One brain cancer study is now in Trial #3, but the risk is that NWBO has suspended patient screening for the trial. With FDA approval, one of these treatments could be the turning point for this company that has a rocky start because of lack of capital. If one of these cancer treatments makes it to market, whoever is first will definitely see growth in the share price.

3. EXCO Resources (XCO)

This stock is falling heavily because of the low cost of oil, but it is in the shale business so the volatility of gas prices might help make this stock look appealing and then also hope that costs per barrel of crude increase. With tension in the Middle East and Russia intervening, it might be a hit if the shale deposits prove profitable in 2015

4. Geron Corp. (GERN)

Another biomed underperformer because FDA trials take so long, but the risk is worth it because it seems many cancer cures are hitting the same stage of trials at the same time. One of them has to get approval and the first to the market with the treatment that works will be the winner.

5. FuelCell Energy Inc. (FCEL)

Although it has been said for years that any day now alternative fuel companies will be the oil companies of the 21st century. It is a risky buy, but election time and politicians might give this stock a bump. With talk about dependence on oil handcuffing the US market, companies such as these will be more profitable.

6. Cumulus Media Inc. (CMLS)

With a new director that was named in September, Cumulus Media is still trying to find out how to recover the 13% loss recently. Although radio might seem like a dying medium, under new management, Cumulus may make its mark by simulcasting programs or finding another niche market such as satellite radio.

7. Vringo Inc. (VRNG)

Lawsuits against the big boys have this company against the ropes and the Supreme Court decision against Vringo has bottomed out this stock. However, there is a listing requirement of $1 a share to regain compliance. Reverse split is rumored for this company. If there is any kind of settlement for the use of their patents by other companies, the publicity of the court ordering a settlement may make this a winner.

8. Capstone Turbine Corp. (CPST)

Capstone is the global leader of producing low-emissions microturbine systems. Shipment delays extending into the third quarter lowered second quarter 2015 expectations. However, in the slow energy stall recently, Capstone was able to obtain more customers and has many many orders from Europe that might stabilize the stock price at a more reasonable price per share. Now that production and shipping issues have been resolved, Capstone looks like it will be player in the future of technological advances.

9. Ascent Solar Technologies Inc (ASTI)

Recent restructuring of convertible notes and an addition of more investors. Ascent Solar stock may increase as the increasing number of government leaders continue with earnestly trying to utilize varied alternative energy sources. This will also be a topic of the upcoming presidential election cycle.

10. Approach Resources Inc. (AREX)

The most recent decision to keep interest rates unchanged, shook the market up good. Approach did not land well. However the company is reporting that their area of drilling Permian Basin, TX has the ability to produce for successive years.

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