Nutbeech, you are very correct in that many times we do not hold these long enough to reap gains but then on the flip side sometimes when we do we also get burned. It's a tough World out there in Pennyland. I too am guilty of both of the aforementioned. Lots of times I scan things to see what is moving on the day and what is up and end up getting burned buying in one that is up large already.
Here is a little trick I do quietly each morning (say mid morning) and then thru the day. I check www.otcbb.com and then click on the drop down tab for both OTCBB and OTO. You will see the largest gainers for the day, you can click on the largeest decliners on the day etc.... Check it out. Many times I also check out the largest decliners and focus on them. I know many do not want to buy a stock when it is down say 70% but that is actually the best time to do so. I then look at what caused the drop, what the last 5 day volume was etc... and decide to buy from there. Many times you can also do very well by buying a Penny that has had a huge drop and get in on the Low. One thing I will urge caution though when looking at that site si that you will see huge gains and losses on some with volume of say 5000 shares etc... Disregard those and focus on just those that have volume in the millions of shares. I know I am rambling but I hope it makes sense. Ask questions if needed.
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