There's always going to be penny stocks which go to dollar land. Quest Rare Minerals was 5 cents back in April of 2009 and now its 4 dollars. Aurelian Resources was about 20 cents then rose to as high as 40 and then got bought out. I bet then you would have called those a pump and dump too?
ALWAYS dump a pinkie. I'm not comfortable staying more than a few days unless I've taken my profit and are riding "free" shares just to see if it can go crazy. Still money here though. Bottomed at .50 after that first hour. Should be profitable this week.