People that think investing in penny stocks is a bad idea because they know better.
I agree, Apple was NEVER a penny stock.
The major firms on Wall Street do not and would not trade/invest in penny stocks,
Professional traders/investors do not and would not trade/invest in penny stocks,
Experienced traders/investors do not and would trade/invest in penny stocks,
Those that understand the markets do not and would not trade/invest in penny stocks,
The Federal Government prohibits broker/dealers from recommending penny stocks,
The Government tells brokers & the general public not to invest/trade penny stocks.
Only those with little or no experience in the market believe that penny stocks can be investment vehicles, they don’t know that the majority of penny stocks do not trade in a regulated market, nor do they know what a regulated market means, but that’s understandable since they nor do they know very little or nothing about how a real market operates
If professional, & experienced insiders along with regulators do not think one should get involved with Penny Stocks, why do you, a newbie, think you should.
from THE STREET