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They are too risky and too speculative. If you are serious in making money in the stock market, trading penny stocks probably won\'t lead you anywhere. As a matter of fact, you should stay away from stocks that are <10 dolloars, unless there are special reasons. Usually institutional investors don\'t buy stocks in that price range. A stock will go nowhere if there are no mutual funds or pension funds coming out to support it.
I own several dozens of stocks and only a few of them (<5 stocks) are below 10 dollars.
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