You are absolutely right,many of the tech stocks today started out as pennies in the '80's.Pennies ,micro caps, could actually grow , if they have a saleable product or service, and aren't sucked dry by the MM's ,and shorts as they are trying to grow.
P&D's is what its all about in penny stocks. Hoping that a penny stock will shoot up to $10 over time is the same as hitting the lotto with out actually playing, its never going to happen!
Learn the buisness and understand it for what it is.
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