Okay Einstein. Great that you at least ASKED the question before you jumped off the bridge.
Lets look at this from the OTHER SIDE of the coin, those whose job it is to SELL penny stocks. (I am CERTAIN you will have NO problem finding one of these clowns, he is probably on your speed dial RIGHT now)
I am a broker and I am pushing a penny stock called XYZ. (this is s VERY popular company) I call you today and say I got XYZ going for 45 cents a share. It is poised to go ballistic as soon as they get permission from the FDA to market their new product MIASSDRAGS, a herbal supplement that is guaranteed to lift your assoff the couch or triple your money back.
You think about it for a minute and turn me down. I call back in two days all excited and tell you that XYZ has received their go ahead and things are ready to pop.You need to get in on the ground floor before all the high rollers do. You put me off again.
The NEXT DAY I call all in a lather and tell you that the stock is DEFINITELY on the move now at .60 and you need to get on board TODAY. This is where you are RIGHT NOW, looking at phenomenal potential.
The only problem is, the broker ran the price up LAST night by buying his OWN stock. He made the market in XYZ. Penny stocks are NOT tracked on the NYSE, or NASDAQ, but rather are listed in the pink sheet, a rag found only on the brokers desk.
He made the market and he wants YOU to jump in and take it off his hands...with a small profit AND a small transaction fee...
Penny stocks have been around forever and the people who have lost money betting on them are legendary.
Play the lottery. The bets are smaller, the payoffs are bigger, and there is NO REAL expectation of actually becoming a winner.
BTW, how would you like to be the joker that owns 1000 shares of USVE at it's 52 week high of $2.55
HA HA HA You'er lookin' as a 3 cent dogturd stock and giving ME a thumbs down. I LOVE this country-and ALL of it's opportunities.