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In general I am against trading Penny Stocks, except if they are legitimate companies that you have researched and are in a sector which is in a strong trend. I have done very well with junior mining stocks. For instance, I bought 5000 Hana Mining for c$0.37 and it was recently trading c$4.16. I sold half each time it doubled so my initial stake is long since off the table and I'm down to holding only 500 shares... I strongly recommend if any stock doubles, sell half to recoup your initial investment.

I started my trading career in penny stocks and at the time of a big bull market. I made money with them. One could not go wrong. Was this 1986? It all ended with 'Black Friday' in UK. We had a hurricane, I lost quite a bit. All the wonderful 'this went from 2c to $20' is right but thousands of other stocks 'went from 20c to 5c' is more the rule. It was an enjoyable hobby. The dream is of making millions but the reality is of making or losing pennies. All these promoters are the same, they sell dreams: If they were genuine they would keep quiet about it and make their fortunes. Not just my opinion but the reality of marketing.