Whats the lowest you would go or have gone? And the results? Also what is considered penny stock? $0.50? $0.85?
The important thing is where the stock trades. You should stick to stocks on the NYSE, AMEX or NASDAQ. The Bulletin Board and Pinksheets are not exchanges and they little if any regulation. Technically a penny stock is one trading at less than $5.00. If a stock is trading below that and at risk of not meeting requirekents for one of the exchanges I would stay away from it.