In case you were wondering because of my very large number of shares traded today, I did not abandon the penny stock strategy. Here's where I am at AFTER refreshing/resetting my penny stocks:
Penny stocks owned 313
Current Value 4,120,927.83
Purchase Value 2,797,956.02
Profit 1,322,971.81 (32.10%)
Even with the $440,000 I gave up to commission on penny stocks today, I am still well ahead. This does not include the gains (3+ million) that I have already cashed in from movies that were greenlit when I held them as penny stocks. Therefore, my total estimated earnings are 4.5mil.
Disclaimer: strategy NOT recommended for small ports as these are LONG TIME holds and do not gain significantly unless related news occurs. So you basically throw away 3 million and wait for something to happen.