what is a penny stock?

Answer 1

A penny-stock, generally is a stock which normally trades at a price of less than one dollar, i.e. at pennies.
They usually trade low volume (Less than a million shares a day) and often can fluctuate wildly in price.
These trade "Over the Counter" on the Bulletin Board Exchange, Pink Sheets, Grey Sheets - or other exchanges that do not have such stringent requirements as the New York Stock Exchange, Nasdaq, Pacific Exchange, etc.

Answer 2

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Answer 3

A stock that sells for less than $1 a share but may also rise to as much as $10/share as a result of heavy promotion. All penny stocks are traded OTC or on the pink sheets.

Answer 4

Penny stocks are usually OTC (over the counter) stocks that literally pennies per share. They are rather volatile and tend to either make you a lot of money quickly or bankrupt you in a hurry. My advice is to avoid these kinds of stocks unless you have a lot of experience in day trading. And even then, most people avoid these kinds of stocks.

Answer 5

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Answer 6

Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/4ed13

Answer 7

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Answer 8

Penny stocks are literally for the thrill seekers in the market--and some times it can cost you a lot of money, and sometimes can make you a lot of money. Many of these stocks are unregulated by many specific, strict SEC standards that those in the NASDAQ and DOW trade on, and unfortunately there are non-legitimate franchises that leave a lot of people "penniless". My advice if you are going to go down penny lane is to do your due diligence as much as possible and explore the many forums on the web for as much advice and insight into them as possible; it really can make a difference in making a lot of money quickly, but it really does not, in my opinion, give a true impression of investing as much as it gives more of a gambling "rush". Have I invested money in pennies? Sure...but it's not for the weak of heart.

Answer 9

Usually it refers to junk that is mass emailed. Penny stocks are promoted as having huge earnings potential because the asking price is so small. The problem is, many of these stocks are based on boiler room companies that are complete shams. A thousand shares of a sham company will earn you nothing.

Answer 10

This is a guess, but I believe they are stocks that trade below one dollar. There are stocks that are below one cent. I have seen some priced at $0.0043. It you bought 10000 shares it would cost you $43. Most will range in the 5 cent to 100 cent range.