Yep, you are right. I continue to follow the penny stocks that I flip and in most every case I would have been a loser by holding. Although not a great chartist, I follow them very closely and combine this knowledge with pr's, momo, etc. Hell, most all eventually fail. These outfits just do not have management skills, financial means, and other resources to make a go of it. Other outfits are out and out scams.