I have a long hold position on one which whips around 20% daily. I often think it would be interesting to try and catch some of that trading it daily, however it operates on no clean influence or information half the time. I day trade futures for a living and am much happier riding news and data events and moving with the market and big swingers rather than getting whipped around. Timothy Sykes is supposedly the master and his student Tim Gratani.
Guys, a reminder, while you are welcome to discuss penny stock trading in general, please no discussion of particular penny stocks (or implied references that encourage others to name the exact stock). Thanks.