DWin asked:


I bought some stocks in a development-stage company. They have a novel device that will have a HUGE market. The stock is listed OTC. They’ve been developing this device and securing licensing agreements for technology they didn’t invent. They’ve only been listed for two years. Every time the share price rises, somebody dumps their shares and it seems as if this could continue indefinitely!

3 Responses to “Is there an average number of years before a penny stock takes off– if ever?”

1. Gaspode on January 14th, 2013 6:16 am

   99% become worthless within three years. The liquid assets will be transferred quickly through a number of successor companies in different states, and there is no requirement that you be told that the company went belly up.

   When that happens, there are generous tax claims you can make.

2. Rabbit on January 15th, 2013 4:05 pm

   Yep, it could continue indefinitely. There are piles of grand things out there, but no one really knows about them. Then they fold. I’ve been in several penny stocks. Most are a waste of money, what little is required. But in the search, I’ve had a couple that amounted to something. Even then, it was a momentary interest. When no one bought them out, interest waned. I know a football kicker who could and has in practice kicked field goals from the far side of the field, but he was so inconsistent and inaccurate that no body wanted him. Penny stocks are often like that kicker. Good luck with it, but don’t bet the farm.

3. me on January 17th, 2013 4:37 am

   Of all my penny stocks, only a few actually got anywhere. I am still going to keep buying them, I can only hope