Im not going to discuss any specific stocks because I know the rules on this board, but I have an academic question. I have seen some stocks dip down to 1 penny on an announcement of bankruptcy and then move up 2-3 pennies some days later. What is the possibility of trading such a stock? If I placed 5 grand for a stock at 1 penny and then sold it later at 2-3 pennies then I would have 10-15 grand. Somehow I know this strategy doesnt work this way. Somehow Mr. Market is going to make this unplausible to where I will lose my cash. So tell me your experience of trading these bankrupt penny stocks that fluctate 100-200% on average. Dangerous? Risky? Hell yeah, I think so.