Hmm, Maybe I am just lucker than most. For a couple of years there, when I had the time to watch stuff, I found penny stocks were a good way to double my money.
Only once did I not double my money, but got out even.
Again, I had time to watch them, and research them quite a bit.
There are boards out there where the people know or talk to people in the companies. It helps to know the area they are doing business in. For instance, all the others in that line of work have stocks on the regular market. Or they all are in the penny stocks.
I usually had about 1k to invest, and watch the market like a hawk the whole time my money was in. As soon as it doubled, I got out. Once it took a year to get my money out. But like gambling, don't wager more than you can afford to lose.
The only bad one I picked was Golden books. Made all sorts of kid books. Looked like they were going to turn around. Got wind of some major announcement on the boards, and the stock took off. I dumped out about half way up. Enough to break even after all the broker fees, and they decided to go bankrupt. The stock dropped until they had to suspend trading. Could have made money by short selling then, but didn't know enough to do it then.
The one big one I could have had but didn't (because I listend to people like the ones posting here,) was a company that was almost out of money and needed a new loan to take off. Stock was like .20 cents. Had I put my 2k into it, I would be very well off. Stocks went to 5 bucks a share, then 35 bucks a share, then they were bought out. Oh well.