Penny stock?
Question by Justa33: Penny stock?
Can you make money on penny stocks? or is just waste of money to buy them, because i can not afford to buy some expensive stock
Best answer:
Answer by Lil T
sure?
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penny stock?
Question by sunny g: penny stock?
I have been researching on the best ways to invest some money but, I have not heard anything about a penny stock ’till i started reading the answers to others questions. What are they?
Best answer:
Answer by mister_galager
In the U.S. financial markets, the term penny stock commonly refers to any stock trading outside one of the major exchanges (NYSE, NASDAQ, or AMEX), and is often considered pejorative. However, the official SEC definition[1] of a penny stock is a low-priced, speculative security of a very small company, regardless of market capitalization or whether it trades on a securitized exchange (like NYSE or NASDAQ) or an “over the counter” listing service, such as the OTCBB or Pink Sheets. The terms penny stocks, microcap stocks, small caps, and nano caps are also all sometimes used interchangeably, however per the SEC definition, penny stock status is determined by share price, not market capitalization or listing service.
Many new investors are lured to the appeal of penny stocks due to the low price and potential for rapid growth which may be as high as several hundred dollars in a few days. Similarly, severe loss can occur and many penny stocks lose all of their value in the long term. Accordingly, the SEC warns that penny stocks are high risk investments and new investors should be aware of the risks involved. These risks include limited liquidity, lack of financial reporting, and fraud.
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