Where can you buy penny stocks. Some brokers don't offer them.?

Answer 1

Penny stocks don't meet the requirements for listing on a normal exchange for they trade on the Over The Counter Market (OTC) the OTC Bulletin Board (OTCBB) or the Pink Sheets denoted by a .PK. Some brokers won't allow their clients to engage in certain very risky behaviors but most will allow you to trade most penny stocks. Fidelity, Schwab, Zecco, TDAmeritrade are usually ok with most everything.

They are more risky than you might think and you need to be concerned with comissions as a percentage of total purchase/sale. Good luck

Answer 2

Hey there,
You should try with Penny Stocks Trading (you can find more info here: http://pennystocks.toptips.org )

Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share.
I've been subscribing to this PennyStock web site for about a year now and have loved the objective advice they give. He really does look for quality stocks and I've made some pretty nice profits on a lot of his suggestions. Being still fairly new to investing I have been dabbling a lot in penny stocks to try and grow my account. I may not have a big account, but it's a lot bigger than it was a year ago. On just one of Nathan's picks this year I managed to make my investment back ten-fold! Be careful! Penny stocks are notoriously risky but if you follow the right method the risk is almost 0. I suggest to invest only little money first and then reinvest the profits. This is the site I'm using: http://pennystocks.toptips.org
Cheers.

Answer 3

I use E-trade and have had no problem. Cash account.

Only bet your Poker money on pennies. When they hit, they hit big, and when they crash and burn it gets ugly FAST.

If you have never played with penny stocks, spend at LEAST 6 months paper trading. 99.9% of pennies is hype and news.
There some legit companies, BYBI and FRPT were both penny stocks not long ago. but it is FAR more likely you will buy a dud or an outright scam. Its the wild west and it can be fun. If you read stock message boards like investorshub or ragingbull, assume everyone on those boards is lying to you. 95% of them are. It takes time to learn the game and know who the bad actors are. If the name Astrom comes up with the stock you are thinking of buying, run fast run far from that one. Some other names to watch out for,Frank Love, Mario Pino, Frank Olsen, Dan Burgess. There are many others but these just came off the top of my head.

Look into CMKX diamonds if you want to see a scam. Or PXIT. CMKX STILL has people that think its all a big conspiracy. PXIT I have followed for years because its a local company. Formerly TBIN and a few others. This is run out of the guys condo. He sells shares and sells shares and then reverse splits, when a RS happens they have to change the stock symbol. Go to pinksheets.com and look at company info to see how many times this has been done. It ought to be illegal, but its legal thievery.

Total rent expense paid to Mr. Tilton, the Company’s CEO for the three months ended March 31, 2007 and 2006 was $4,500 and $4,500, respectively.

At March 31, 2007, the Company reflected an accrual for unpaid officer compensation of $119,678.

He is paying himself rent and $120,000 every three months with a company that doens't have any business except selling shares to unsuspecting investors.

This is VERY common.

Answer 4

ALLPENNYSTOCKS.COM

Penny Stock

A stock that trades at a relatively low price and market capitalization, usually outside of the major market exchanges. These types of stocks are generally considered to be highly speculative and high risk because of their lack of liquidity, large bid-ask spreads, small capitalization and limited following and disclosure. They will often trade over the counter through the OTCBB and pink sheets.




The term itself is a misnomer because there is no generally accepted definition of a penny stock. Some consider it to be any stock that trades for pennies or those that trade for under $5, while others consider any stock trading off of the major market exchanges as a penny stock. However, confusion can occur as there are some very large companies, based on market capitalization, that trade below $5 per share, while there are many very small companies that trade for $5 or more.

The typical penny stock is a very small company with highly illiquid and speculative shares. The company will also generally be subject to limited listing requirements along with fewer filing and regulatory standards

Answer 5

avoid them you will not make any money and the commission is high. In the 1980s were good way to make money now they have no growth