re: Anyone have fun messing in penny stocks?

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Have you ever noticed most of these stocks are closer to $0 than $1.

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That’s what makes them so tempting.
When my kid got his quarter million shares, our eyes momentairly got really big. Then when we saw it was at .001, we had a good laugh at the worthless stock. Suddenly a year later it is at .04 and worth $10K. And in May it was at .08 and worth twice that, though his shares were still restricted at that point. The percetage gains are just mind blowing with those 1 in a milion penny stocks that make it.

I think the key is to just not try to day trade these things because it could drive you insane.. My perspective is that you use throw away money, pick one or a few, then sit on them. I wouldn’t call it a lottery ticket because it costs more than a couple dollars to play, but I equate it to a slot machine. I enjoy slots but know I’m throwing the money away, so I don’t spend money I can’t afford to lose. When I play slots I go in saying, “I’m going to lose this $150 or come home with a million. But I’m going to enjoy that feeling of watching the reels stop.” I don’t go in trying to make $50.