From dollar to a penny, Penny stock!

Tonight, I want to blog about the experience I had recently with one of this so called-" penny stock". Few months ago, one of my friend told me if I want to make big money in stock, I must own some potential penny stocks. The reasoning is that because they are cheap, usually ~1 dollar or less, I could own thousands of stocks and still very affordable. Plus, when stock move up a only few cent, my return is already skyrocketing. After listening to the reasoning, I said, "Sounds great, I will buy one to try!" So, I buy my first ever penny stock in June. This is the one I own.
Well, if you click on the link, you know my stock is not very pretty with this penny stock. I bought it at 1.40 and today's 0.36. That's 75% drop in 3 months! Average 25% drop in a month, scary! I don't remember I own a stock has such as terrible drop rate in my whole 5 year stock investing experience. Here are few things I learn about penny stock
1) Because of their extremely low volume trading, any single transaction could dramatically increase or decrease the price. The stock price therefore could get manipulated in speed of sec.
2) Market order is usually not allowed with penny stock. Only limit order is accepted
3) Because of their volatility, broker charge a higher commission cost compared to other normal stock
4) It's true that return could skyrocket in a matter of days, but the reverse could also happen. It's an extremely risky business
Well, my first ever owned penny stock just don't work out all that great for me. There are plenty of valuable stocks out there to choose, my recommendation to you: Consider other type of opportunity, you don't need penny stock to make money in stock. If you do have to buy penny stock for whatever your reason, do not put in 5% or more of your capital in it.