I look at the moves these pennies make, and I have to wonder
1)If anyone is really making money other than those who run the system.
2)Why in the world would anyone take the risk of losing half or more of their money within minutes.
These two days I watched some penny stocks that were "hot" and here is what I observed:
-GLIF had news in the AM, they took it up pre-market to 0.03, it looked like it was going higher and all indications were it was, but it flunked nearly 35%!!!
-IGTG same thing as GLIF, but at a higher price.
-IDWD was up more than 100% a few days ago, now even with news, went down nearly 50%.
You have to ask yourself who is really making in penny land. Certainly not you and me.
