10 penny stocks that paid off big
Ultralow-priced stocks have a reputation for being very risky. But they can also produce huge gains, as Pier 1, Monster Beverage, True Religion and others show.
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It's fair make a general comment that they prey on the sincerity and naivety of investors into think they are doing a good service to the community by investing into such companies, rather than take a critical look at the business plan.
In the past I have invested in an oil clean-up start-up and Thermo Tech Industries (converting sewage and organic waste into fertilizer). I also invested in a battery technology company. Yup, lost my entire investment each time.
The latest bullet I dodged was the Evergreen Solar (ESLR). I was meaning to invest in it, but every time I looked at the stock, it was going down, and it just didn't look like a god idea. Whatever I would have invested would be completely gone.
I sure wish there were some legitimate green/environmental companies that have made it big.
So what? Some people hit the lottery every week. Does that make a lottery ticket a good investment?
In fiarness, the least you could do is write another atricle about the 100,000 penny stocks that vaporized into worthless nothing while these ten winners were evolving. Maybe you could write an article about the average negative yeild of a portfolio of penny stocks picked by any means, icluding the recommendations of top analysts and a monkey throwing darts at a board.
I would like to see that article include reasonable recommendations for the kind of people and their financinal conditions who should never even consider these kind of investments. But, of course, that's not what you're getting paid by the promoters of these trash investment to do, is it?
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