Stocks under a dollar are most likely to go to zero. Stocks never debut on less than a dollar in the Nasdaq or the CaliforniaStock Exchange. The best penny stocks to buy now that things are not, are just "less secure", then everyone else. Perhaps the best penny stocks go to zero only 70% of the time. Of course, if you lose your investment 7 out of 10 times and make 10 times your money, it's a good investment, but only if you have proper money management.
Most people have $ 1,000 to invest, and to invest $ 300, and lose everything, and then just $ 600, which will invest $ 200 and lose, they have $ 400, you'll spend $ 100 and you lose and it is now $ 300, which invested $ 50 and then lost $ 250 and will invest $ 20 and the stock goes from $ .10 to $ 1 ad sold but now only $ 450, which is less than what they started. So you can see how it is possible to have what appears to be a winning trade on paper,