Penny stocks aren't a scam. People who think they can manipulate them are scamming you though. I regularly trade penny stocks, sometimes buying and selling the

Penny stocks aren't a scam. People who think they can manipulate them are scamming you though. I regularly trade penny stocks, sometimes buying and selling the same one multiple times in one day. But I don't advertise them and I don't follow advertised trades. I look for very specific attributes and get my dealing done as quickly as I can. I actually stick with the companies that I think will succeed, too. Maybe the Penny Stock Industry (if it exists) is a scam. I get what you're saying. But the stocks themselves are the same as any other stock. Just smaller and more volatile. The scam part is when someone publicizes a penny stock and hypes it for a pump and dump. Sometimes I ride them, too. But I duck out early because I know how it ends. I just make sure I sell before the pump-and-dumpers do. They nearly always tell you their "prediction" to help drive it up to where they're hoping to sell.