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Three Tools for Picking Penny Stocks By : Gregg In fact, readers e-mail us every single day to ask how to search for the best penny stocks. A stock screen is one of the most effective ways to pick up on the best stock plays the market has to offer. There are tons of free stock screeners out there that anyone can use. All of this information is available to anyone with an internet connection. One great way to do this is through the social networking site Twitter. Traders and investors alike use.