TIM and BRIAN are WRONG about Penny Stocks...sorta
(EAG) American Defense Systems..... How's this company a speculative company when it is landing multi million dollar contracts and received recently a Tier 1 rating from Catepillar?
(SWTX) Southwall Technologies.... They have consistently improved their earnings and revenue in the past 2 years and are cash flow positive.
(SSLR) Sunrise Solar.......Uhm...Ok SPECULATIVE.... But look at the Spikes from January '09 and July '08. Investors/traders simply buy and hold for the next big spike.
There are countless other examples in the Penny Stock world of companys that have penny stock priced shares but certainly are investable companys doing really well. There are apparel companys doing really well...
Take VAALCO (EGY) as an energy company that last year was trading for $4.XX a share. Had you bought into VAALCO last year you are sitting on a Double Bagger this year.
If you see a Penny Stock pushing out excellent earnings and holding a large sum of positive cash flow with little to no debt..... uhm...hello???? That's called "BUY BUY BUY!"
Tim Hanson and Brian Richards don't know what they are smoking.... We all know they wished they had bought (ATVI) Activision (GLW) Dow Corning when they were sitting at $1.00 a share.