Because most of them are!Let's look at this analytically:
There are currently 18,571 companies classified as "penny stocks." You can basically categorize them into 4 types:
Type #1 Not Open to the Public
Even though many penny stocks are technically able to be bought and sold in your brokerage account, it's very difficult to do, so because they don't trade enough shares per day.
Even if they are available, it's near impossible to get a price that's advantageous to you.
That rules out the vast majority of penny stocks.
Type #2 - Pipe Dreams
The second largest group are pipe dream stocks that'll never amount to anything.
They're usually selling a story. They probably have only 1 employee and no funds in the bank.
Fortunately, those are easy to filter out, too.
Type #3 - Good Deals
If you're good at basic analysis, it's straightforward to find some really profitable picks. That's because there's much less competition with penny stocks.
The cool thing is big institutions control so much money, they're unable to put any meaningful amount of that to work in a 10 cent stock. CNBC doesn't talk about them either for similar reasons.
That means the majority of these stocks fly under the radar. That also means doubling, even tripling the money of a regular investor, becomes quite possible. All in a very short period of time.
Type #4 - The Gems
Now, when you really know what you're doing, you can find stocks like True Religion. True Religion was a penny stock trading for 67 cents not too long ago. It got bought out last year for an incredible $32 per share.
The upsides of gems like these are too big to ignore.
But not everyone has the time to do the analysis, let alone know how.
That's where investor, Jeff Avery comes in. Jeff follows the penny stock market like a hawk. As he uncovers ready-to-skyrocket Type #3 and Type #4 stocks, the good deals and gems, he's willing to contact you, so you can jump into the market at the right time.
If that strategy sounds promising to you, check out Jeff's video at:
