It's really difficult to out-play the pumper. I have been able to sell short on market opening and waited a week or so to buy to cover and made decent money a few times. The pumper usually, pumps a stock that the brokerage houses don't have a position in or they can't find shares to borrow for the short sell. On one short sell the stock owner called the stock back and I broke even having to buy to cover earlier than I wanted.
Pennypick has a terrible track record. IMO, always avoid stocks that are being promoted.
Yes, there are stocks that are less than $5.00 and good investments. Just don't buy the "story" found on forums. Have sound rational reasons to buy.
Right now, I like PLUG. I will add more shares when it drops below $2.20. There are 6 mil PLUG options with a strike price around $2.67. So, I'll get out around $3.00.
In the same industry is FCEL (and riding the coattails of PLUS's deal with AMZN). I wouldn't buy in FCEL unless you can get in at $1.00. Study both companies.
Good Luck!
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