The last time I wrote about penny stocks for InvestorPlace in January, I used the traditional $5 criteria for qualification. All seven of my stock picks have gotten hammered in 2022. That should tell you how risky it is to buy penny stocks.
In today’s world, where fractional shares are commonplace, more than ever, quality is far more critical than price.
But for whatever reason, like a lottery, readers love to dream about buying $2-penny stocks that rocket to $100, creating massive profits.
It rarely happens. But every once in a while… could it happen with one of these?
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