Penny stocks are only good for one strategy, and that is raising short term capital for other market investments that may be a bit more sustainable. For instance, I've been monitoring a gold ETF fund IAU which I plan to build my holdings from the gains I've received from the Marijuana penny stocks MJNA, CBIS, and FITX. The ETF fund has bounced back quite nicely since Janet Yellen given signs of slowing of the feds tapering.

I've put the chart up for everyone to see at ;
http://www.broadviewfinancials.co