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The Fool does not condone "investing" in the pennies. It's a good way to throw away your money.

One needs to be sure that a potential investment is in a good, profitable, long lasting company that isn't about to go bankrupt soon. To achieve that, a company will have been in existence long enough to have a stock that usually trades for over $5.00 per share ... that eliminates the pennies.

Of the 38 companies that I personally own, I paid less than $40 per share for only 4 of them. The rest I paid well over $200 per share and 3 were over $1000. All of them are profitable with some being over 4 times the high purchase price.

Remember - cheep companies are not always cheep in that they can loose big money for you.

It has been my experience that "the pennies" are usually a waste of money.

Rich (haywool) over 30yrs of buying good quality companies
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