just been reading about some stocks under 5 bucks that people were looking at back in 2024 and honestly it's wild how many actually exist. like everyone says penny stocks are risky af but apparently even AMD was down to like $2 during the 2008 crash and bounced back. so yeah it happens but rare.

anyway there were three that seemed interesting at the time - Grab Holdings the ride-sharing company from Singapore was making moves with their AI stuff and bumped up their profit forecasts pretty hard. they were talking about hitting $5 soon. then there's Iamgold the gold miner that was doing its thing with their Cote mine in Canada supposed to be one of the biggest up there. and Tilray the weed stock which is just waiting for the US to finally legalize properly.

the thing is all three had legit reasons for being cheap not just random speculation. Grab was actually growing revenue and fixing their operations. Iamgold had real assets in the ground. Tilray was positioned for when legalization actually happens. but yeah finding best stocks under 5 dollars that aren't complete garbage requires actually digging into what's behind the low price.

point is if you're looking at best stocks under 5 dollars you gotta understand why they're cheap first. could be a real opportunity or could be a trap. these three at least had some substance but definitely not a guarantee. anyone else been looking at penny plays or is that just asking for trouble?