Wednesday, July 19, 2006 8:56:34 AM
- Many penny stocks are outright scams.
- There is a penny stock Scam Syndicate that will pump and dump in order to drain money out of the market.
- Even the penny stocks that are not outright scams tend to endlessly lose money. Endless losses means endless dilution.
- You will only hear about a penny stock when it is "hot". The few penny stocks that do offer promise will fly below the radar until the insiders have loaded up.
- A small cap company with a real business plan will attract private investment and will not have a need to go public. The good small companies end up in private hands while all the garbage gets dumped on the penny stock market.
The only real value in any stock is the dividends that it will eventually pay. The vast majority of penny stocks will never pay a dividend and never earn a profit. That means they are essentially worthless.
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