Most penny stocks are terrible investments. Typically trading for less than $1 per share, penny stocks are story stocks in search of a reason to exist. They often have no customers, no sales, and, worse, no profits. Yet the allure of investing in penny stocks is understandable. You can control hundreds or thousands of shares for very little money. And if the stocks move higher by just a nickel or a dime, you can make a lot of money. Unfortunately, that rarely happens. Too often, penny stocks are pump-and-du ...