penny stocks

“Shorting, even if you're betting against a total scam, is very scary, because scams, you know, are meant to go higher, so that the insiders can profit either by selling insider shares, or by doing a financing at inflated prices, and then paying themselves ridi…”

“This is one of the problems with my strategy that it's not very scalable. Even if I spot an absolute scam, I can only probably bet a few thousand shares, sometimes like 10 or 20,000 shares against the stock.”

“Yeah, they still work. You know, I trade penny stocks. They're very volatile. They're very scary. You know, not as much as in 1999 and 2000 when I got started in the right time at the right place, you know, during the bubble, but there's still a lot of volatil…”

“It behaves very much like a penny stock at the moment, and most people are not equipped to handle volatile investments like that should probably limit it to a very small part of their portfolio.”