So who plays with penny stocks...
As an example
GTSO.
GTSO Negotiates Potentially Lucrative International E-Waste Transaction 5:00 AM ET 08/20/2013
Today it is at .035 but the 52 week low has been .02 cents with a 52 week high of .85 cents.
Put a buy order in when the stock drops to .025 cents as an example. Then wait for a spike to .04+ cents and sell at $7.95 a trade. If you put in $500 dollars plus your $15.90 for the transaction you can just about double up your money. That is just a loose example.
Question is can you always sell off a penny stock instantly when you see the price spike up.
https://eresearch.fidelity.com/erese...=USPR____&sb=1