Don't get caught with your pants down when looking for penny stocks to buy.

So you opened your eMail today and noticed the headline "TOO HOT TO HANDLE EXPLOSIVE GROWTH PENNY STOCKS TO BUY NOW!". If this joker could had been possibly even more provocative they could had also added something like " So HOTT we had to use two T's".

So you check it out. You check the charts, things look OK. You don't really notice anything terribly out of the ordinary, but you also can't quite see what is so great about this penny stock.

But wait, in this eMail there is also a link to a forum so you go there and check it out as well. You see people chanting and saying that this is the 2nd coming of Christ while other people are scratching their chest and boasting about the millions of shares they managed to snag.

So you see that people are buying a lot of this penny stock and hell even some of these people are making sense in what they are saying. So you can't contain yourself any longer and log into your trading platform and place the order.

You might even call up some buddies or send a flurry of eMails yourself to your trading friends. You probably aren't alone, probably some other people are doing the same exact thing that received the eMail that you read as well.

So you finally get around to jumping in bed for the evening and to top this day off you are now having difficulty even getting to sleep because you can't wait to wake up in the morning so that you can check on the status of the stock.

You wake up the next day and nothing out of the ordinary is going on. Suddenly you realize what happened yesterday. You have this terrible uneasy notion in your stomach yet you're experiencing anxiousness and stumble around until you manage your way to the computer desk. Hell, you're excited, man. I would be too.

So you log into your trading terminal / platform and low and behold this penny stock has taken a nose dive. You wonder what the hell is going on, and then you begin questioning yourself "Just how many shares DID I BUY?". You realize quickly and you're almost numb as the result.

So the next action you take is to log into the forums and there's a couple people making claims about how they hit it big ... right before the nose dive. You keep reading page to page and then start seeing more and more people complaining about pumping and dumping.

Yea, chances are you just got busted with your pants down. Worst yet, it feels like you went back into the past and your dad was spanking your rear end with a switch that he made YOU go fetch. Oh the glory days. Right? Right.

So hey, be careful out there, don't be a fool when X or Y guru tells you that you just have to get in on this next latest and greatest hot penny stocks to buy.

Hopefully you used money that you could afford to lose regardless of what you want to call penny stocks: small cap stocks, OTC stocks, OTCBB, pink sheets (how many variations do we really need people?).