Jolyn, the penny stock market is generally a drain on the economy. It does not produce enough successful companies to cover the losses on all the failures. It is the equivalent of a casino where the house keeps a very large cut.
You can defend penny stocks and blame all the problems on market makers and naked shorts, but that does not change the fact that penny stocks in general are for losers, liars, and leaches. For you to make $1, someone else has to lose $2. That is an immoral game.
Do you have morals?
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