Investing in Penny Stocks is one way you can make fast money on the stock market. Before you start trading here are 6 important facts you need to consider which any decent penny stock advisor should let you know.

1. The definition of Penny Stock can vary. Generally speaking a share in a Penny Stock will trade for less than $1. You may well come across other definitions which state less than $5 per share.

2. Penny Stock companies usually have a market capitalization below $500M.

3. Penny Stocks generally have a low number of shareholders and their average market trading volume is significantly lower than mainstream stocks. This is important to bear in mind as you may find it difficult to sell your shares.

4. Penny Stocks share prices can move dramatically in a day which gives opportunity for profit but equally you can easily lose your entire investment. Penny Stocks are considered a highly speculative investment.

5. One of the major difficulties facing Penny Stock investor is the lack of readily available information to judge a company. Most investors rely on word-of-mouth or Penny Stock newsletters. It always best to search Yahoo! Finance or another reputable financial web site for information on a Penny Stock company to verify the recommendations you hear about.

6. Penny Stocks are frequent targets of illegal "pump and dump" schemes. In these schemes fraudsters will talk up a stock on internet messages boards and through "spam" e-mail messages. Once they have made a profit on the shares they will sell, and stop promoting the stock which usually causes the stock price to fall leaving other investors stranded with worthless stock they cannot sell.

Convicted spammer escapes from prison (Infomatics)

Convicted spammer Edward "Eddie" Davidson has escaped from a federal prison camp after serving just five weeks of a 21 month sentence. Davidson was convicted of sending millions of spam messages promoting penny stocks which he then traded when the price rose.

Several state banks' stocks tumble to 'penny stock' levels (BizJournals)

A number of Alabama-based banks' shares are considered "penny stocks" - a moniker given to a company with shares trading below $5.

'Spam King' escapes from federal prison in Florence (Rocky Mountain News)

The man known as "The Spam King" walked away from a minimum-security federal prison Sunday in Florence and was last seen in Lakewood.

Convicted spammer escapes from prison (VNU Net via Yahoo! UK & Ireland News)

Convicted spammer Edward 'Eddie' Davidson has escaped from a federal prison camp after serving just five weeks of a 21-month sentence.

The Crack Up Boom, Part V (GoldSeek.com)

As we look out over the next six months what we see will be extraordinary. The opportunities for prepared investors have never been brighter as the unfolding volatility will be incredible. “Volatility is Opportunity ” for the prepared investor and it will arrive in spades.

`There`s no backtracking on NMCE deal` (Business Standard India)

The Bombay Stock Exchange (BSE) has seen some major changes at the top, with chairman Shekhar Datta and industrialist Jamshyd Godrej, both members of the exchange's governing board, and CEO Ashok Kumar Raut resigning in quick succession.

'Spam King' walks away from Florence prison, last seen in Lakewood (Rocky Mountain News)

Edward "Eddie" Davidson, known as "The Spam King," walked away from a minimum-security federal prison Sunday and was last seen in Lakewood.