Penny stocks are a horrible investment. Selling for less than $1 per share, penny stocks are cheap for a reason. Many of the companies don’t even have a product or service consumers can buy. Instead, they try to lure investors in with a story about how big they can get one day.The appeal of penny stocks is understandable, though. Controlling only a handful of shares can make you a killing if the stock moves higher by just a few pennies. Unfortunately, that rarely happens, and most investors who buy penny st ...