Penny Stocks That Will Make Money. The wild swings in the commodity in general and crude oil specifically makes this a volatile counter. There are innumerable online investment newsletters and blogs purporting to pick penny stocks that are about to strike gold.
Penny stocks are subject to all kinds of manipulations, and you're going to need all your wits to make money in this neglected area of the stock market.
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But trading penny stocks is also a good way to lose money. As the oil prices keep shifting from major highs to sudden lows, the stock also sees a huge movement in. But all of this is not to say that buying penny stocks can't go your way — just I'll tell you if you should buy it or stay away from it, but do yourself a favor and only invest money that you can afford to lose.