According to my opinion  three penny stocks can be considered as best one. They are as follows.

Harris Interactive Poll ( HPOL)

Fundamentals  The company can easily get money through on-line polling by collecting data. Whether the economy of a country is big or small doesn't bother here as traffic on the site is increasing day by day, so there is lot of  chance for getting more revenue and profit in each quarter.

Technical  By taking in to account overall performance of the company through chart, it looks bullish at present level and future level.

Gray Television Inc (GTN) 

Fundamentals  The company is owning more local television station and with it, there is possibility of earning profit. Through ad it is earning more revenue which is an additional benefit.to the company. This is more than enough for a company to get profit in each quarter, so there is a chance for hike of stock in a market.

Technical   Some volatility has been reported through chart. But in recent time, the price has gone up.

Mesa Air Group Inc (MESA)

Fundamentals  Mesa Air Group Inc is a small and regional airliner. All airline stocks are accessing the market in bullish mode. Last October 2009 MESA has gone down so it is not following yet. But there are more optimistic news about MESA, so there are chance of increasing passenger loads which is the key factor for earning profit which may be of help in tagging along with all the airlines.

But sometimes all may go wrong. This is just my opinion. Penny trading is almost super risky too, so be cautious while investing on a particular stock as anything can happen and no one could be certain of anything.

The concept of value investing was first originated by legendary investor and Benjamin Graham which was followed by warren Buffet who was also a great value investor till now. According to Warren Buffet value investing is nothing but a real form of investing . Value investing  can be defined as approach to invest were investor purchase the undervalue stock. Regarding long-term growth value investing is considered as the corner stone. It actually deals with investing the amount in a valuable stock. As every body is aware of market fluctuation one must be very cautious of picking up the right ones which is really a hard task as one get bewildered at the moment of picking up the stock . Another one factor that haunts a person while taking decision to invest on a particular stock is that fear. So shed out fear and confusion of selecting the right stock and pick up the stock which has certain criteria.

a. Compare market cap and net current asset and see to that market cap is less than or equal to two-third of current asset.

b. Comparing to sector average, P/E value of stock should be less.

c. PEG must be less than one.

d. Debt -to-equity ratio is less than one.

e. Current P/E  should P/E be less than past P/E.

f. Comparing to industry average Returns On Equity (ROE) should be high.

g. Price- to - book ratio should be less than or equal to one.

h. Current ratio and quick ratio should be more than one.

i. Stock should yield high dividend.

j. Company should show growth in capital.

k. If you are interested in investing in one concern see to that its debt is low in comparison to other concern.