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Penny Stock 2
TriQuint Semiconductor (TQNT)

If you believe that the economy will eventually recover to begin a new growth cycle, investing in technology makes sense. While the rest of the market is struggling to move higher in 2009, the technology-heavy Nasdaq is well into positive territory.

Within technology, the semiconductor space is really seeing stocks surge higher in value. That is certainly the case with TriQuint Semiconductor (TQNT). The stock is up more than 65% so far in 2009. Even so, the stock is still down more than 50% from where it traded in early September 2008.

Assuming the next business cycle lasts the typical four years, the recent move in TQNT could be just the beginning. This is a stock that has the potential to triple in value or more. The timing is right, and the valuation is attractive.

It's a must-own penny stock for those looking for such risk exposure.

NEXT: Penny Stock 3 – ION Geophysical Corp.