Replying to @Zior:On the guideposts and markers vs driving into...

Replying to @Zior:

On the guideposts and markers vs driving into to town argument, I've found that a lot of these penny stocks are just pump and dumps, and that in the end there is no town. So because of that you are better off paying closer attention to the guideposts and markers because quite often they end up saying "The town is gone: find a different town".

For fundamental plays, I think that the bigger stocks are better for that. They have an established track record and the fundamentals can be relied on to actually mean something there. These penny stock minnows just aren't well enough established to get even the remotest idea of how things will play out in the future.

It's far safer to play penny stocks with just a chart.

That's my two cents worth on it anyway. I'm saying that to try and stop people getting too badly burnt on these things. I know that most people probably won't agree with that and will have a good go at me for saying so but I think that when it's penny stocks, use charts and don't hang around for too long. Plenty of sharks playing in the penny stock fish tank.