re: Anyone have fun messing in penny stocks?

Over the past few weeks I put a few thousand into a cannabis stock. My son has 250,000 shares that he received (at no cost to him) when it was around .001 (it wasn’t a cannabis company at that time). They changed directions with the company and went the cannabis route and it’s at .04 now, so he has around $10K sitting there. A few of those cannabis stocks went from pennies to over $10.00/share. The potential for this company is huge. They are making all the right moves imo.

ETA: Only other time I fooled with a penny stock was a gold mining company my uncle was invested in. I just put around $800 into it. Could have sold when it went up 300%, but he swore it was going to hit big. Now it’s worthless. My uncle had a couple huge hits with companies like that one though. His son basicallyt paid for his house off a penny stock hit.