there was many, many huge penny stock success stories on the canadian xchange (venture) Most of which were resource based. one in particular went from a few pennies to a staggering high of 19$ GXS (coal). It has since dropped I do not follow it but down to 3-4$ range. Similar stories were played out earlier this year as .10 names rose to prices 2$,3$,6$ and more. Again many were gas,oil, potash, coal, etc. You were seeing 500%,1000% gains on quite a number. Now in todays makret all these are trading back where they started. some of them do have very promising assets but the conditions for financing and the lack of a resource bubble have ruined hopes for these companioes for the time being. Penny stock trading can be wildly profitble if you are LUCKY and careful. Its hard to be careful, and still hold for the once in a while 700% gain. LEt me tell you from experience. You will end up getting burned in the end on one of them regardless of how good you are. I cant say I recommend penny stock trading.