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Microsoft was once a penny stock, Lucent technologies is currently a penny stock, Nortel networks is currently a penny stock, Radio Shack was once a $0.25 penny stocks.
Many penny stocks do well and move on to the major indexes.
But ultimately people who trade penny stocks do so for the quick dollar, the small fortunes which can be made on penny stocks several times a year.
The great deterent to trading penny stocks is that wise investors and the big boys try their best to scare people away from penny stocks so they can be the ones making most of the money on penny stocks while manipulating the stocks when they know many investors have weak hands and can be easely shaken of their investment.
Max
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