Mark- here are the "Penny Stocks" I've made money on this year in 2012(in the order sold):
NEI 32% gain
HIMX 12% gain
AWX 23% gain
MNDO 36% gain
SKAS 7% gain
CPLP 31% gain
WGA 3% gain
DPW 32% gain
GBR 52% gain
GVP 39% gain
WGA 17% gain
GSB 8% gain
RFMI 73% gain
CNTY 27% gain
Large caps:
EK 58% loss
STD 15% gain
That concludes my "sells" this year so far, so I disagree that you can't make money in "penny stocks"
I did not purchase any facebook stock, I agree that they probably are not a good investment for smallcap players.
Can you post a link to the article you mentioned about service members?
Tia