Do you see TrustCash Holdings (tchh) going up in the next 5 years much. They did over 1 billion shares on one day last week. They average over 116 million aday.
I don’t know much about (TCHH), but I do know that penny stocks are usually penny stocks for a reason. I also wouldn’t base anything purely on how many shares were traded. They could have had high volume because there were a lot of buyers looking to get rich quick by buying a stock for cheap. Or there could be some pump and dump scheme going on, who knows.
That being said I have been known to buy a penny stock every once in a while.
If the investment is really something you believe in, for whatever reason, it might be worthwhile to invest a little bit of money into it. Just so long that it is money you can afford to lose and it wouldn’t hurt you that much if the stock went to $0.
Don’t make it a habit, but every now and then taking a little gamble in the stock market with a high reward compared to risk can be justified. At least in my opinion.
