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The rule with penny stocks, is there is no diamond in the ruff or some little company in back wood Vermont that is going to be the next big mega corp.
They are ALL scams in some form or another.. Even if the people whom run what ever XYZ business is called are not involved they are still a scam. Simple reason is the stocks are manipulated at will by others whom play up pump and dump schemes.
The only way anyone should ever play with penny stocks is to just say fuck what XYZ company is, or does or what they promise for the future as it's all BS & lies. There is no regulation so they can do and say anything they want to try and affect their stock prices.
ONLY trade on momentum and buy low sell high when something is moving, never get greedy and never hold one more than a day.
Personally, when I traded them I never put more than $500 into any trade at one time as it was far too risky with those stocks and too easy to get stuck in them if you put more than that in them.
Oh, did I mention they are "ALL" scams in one way or another?
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