Many people have made a lot of money in these small stocks, but just as many (or more) have lost money and that is because there are a lot of unscrupulous people pointing out penny stocks to invest in. They buy up a stock, tout it, have others drive up the price, and then sell their shares at a profit, leaving everyone else in the dust. But, the good news is that you can make plenty of money if you know how to find realistic penny stocks to invest in that are real companies with a real possibility of getting bigger.