Penny stocks may be attractive on the outside because you're able to buy up a large chunk of the company at a low price. But think about it - if the company is such a good opportunity then why wouldn't the owners just purchase up the stock for their own portfolio? Or why wouldn't Buffett be purchasing these companies?

You'll become much more successful using smart business acumen to drive your investment decisions rather than trying to predict which bankruptcy-prone companies have a chance of hitting the luck lotto.

Let me know if you have more questions on this-

There is no such thing as a good penny stock. They are a waste of money. Go to the casino, the odds are better there.

The new marijuana stocks look promising as far as penny stocks are concerned. Could be like buying Anhueiser Busch near the end of prohibition.

"Good Penny Stocks" is an oxymoron. Their ain't no such thing. Look out for Pump & Dump

Penny stocks, like the lottery, are selling a pipedream. Don't buy it.

Wasted money now is wasted opportunity later.