PDC, I am begining to thnk you have the best strategy, focusing on shell stocks. Shells = no company, no dilution, no CEO lies, no company BS. Looking better all the time to me.
Shells require lots & lots & lots & lots & lots of patience. You have to be able to throw a few $$$ at many and then wait...wait...wait (or if you're PDC, go on your honeymoon...hehehe). If you want/need action, then shells aren't for you. If you can play the waiting game...then go for it.
There are many strategies to consider and despite all the pumping & frontloading, there are some VERY knowledgeable & honest people here. There are those that scalp and are happy with small wins & flip the same stock 10x or more in a day...they don't wait for the Big Enchilada to turn $100 into $100,000 by thinking they found the next Microsoft. There are some that are 100% cash at the end of a day. They sleep very well at night knowing that there will always be another bus. There are those that play the BOUNCE and again, are happy with small wins...many times a day on the same stock. There are those that read the real time news & filings as they come out and try and get in early on a potential big play due to a merger or other great news. Then there are the "chartists" altho I still can't figure out how charts apply to penny POS stocks but hey...if it works for some, then who am I to argue. The list goes on.
You just need to decide what strategy is best for you and then, do your own DD. If you got to rely on others for your DD, you have no chance IMHO and end up being a sheeple.