>Huh? Penny stocks?
Them's stocks that sell for less than a buck ... or, at least, less than $5.
So I made up a list
Then, after exhausting exhaustive analysis I bought one, namely Grande Cache Coal, out of Alberta.

>Coal? You're kidding, right?
Not at all. It's quite a bit of fun!

Consider this: There is more stored energy in Canadian coal than all the country's oil, natural gas, and oil sands combined. The price of coal is expected to double by the end of 2009. Canadian hard coking coal producers have secured a provisional price for fiscal 2008 of US$225 a tonne, a gigantic increase from US$98 in 2007. Recent prices in the spot market have topped US$300 a tonne. Over 50% of the U.S. electricity production is generated from coal. GCE has increased its production by 50% over the past year. The average GCE cost of production during the quarter was $50 per tonne, down from $62 per tonne in the previous quarter.

And here's the clicker:
On April 10, 2007 (that's about a year ago, right?) GCE stock closed at 46 cents.
Yesterday (April 1, 2008) it closed at $4.70.
Mamma mia! An increase by more than a factor of 10 !!!

>April 1? Isn't that April Fool's Day? Uh ... yeah. You're right. Mebbe I should be careful, eh? But how many stocks have increased by nearly 1000% in a year? I figure: "Move over Warren Buffett!"

>Yeah? Well I figure: "Move over April Fool!"
We'll see, eh?
Did I mention that, as I write this, the stock's up 10% from yesterday?
Let's see ... 10% per day for, say, 250 market days. Mebbe I'll take on Bill Gates ...

>So I assume you throw darts to pick your penny stock?
You got it!.
I also play with this spreadsheet: (Click on the picture to download the spreadsheet.)

I type in a gaggle of stock symbols, click a button, look at various ratios, like (Current Price) / (52-week Low) and (52-week High) / (52-week Low), colour them that look interesting and ...
>Ya, I get it. And then you throw darts, right?