Over the years, I have bought what seems like
hundreds of penny stocks. About 2/3 of the CEOs
of these companies were outright scammers and the
companies headed by the other 1/3 failed as a result
of the vagaries of the market. I have never had a
winner from any of my picks of penny stocks. I did
not have the ability to let go at the right time.
Lacking that ability, of course, I have never profited
from such stock. So I have vowed to never buy another
penny stock. They cause absolutely too much angst.
Anyway, at my age I cannot afford to wait for
them to mature and possibly succeed.
As the old Injun would say, "I will buy the penny stock
again no more."
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