is it posable for a stock to go below $.01 if so could it come back up.
2007-09-05 14:57:52 · 4 answers · asked by shawn k 1 in Business & Finance ➔ Investing
yes my friend,
not only it is possible, its happening for many stocks and yes these stocks may go up again.
there are some stock at nasdaq traded at 0.0005.
hope i have answered your questions.
2007-09-05 18:34:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Let's see, I just did a simple query at Scottrade. There were over 900 companies (including a couple in my own portfolio) that were under a penny a share. The fourth on the list did what you asked: AICIQ (Acceptance Insurance Companies). It slid under your line last September, then this last February it bounced up, spiking upward past your line in March, April, and May. Technically, yes. It happens. Does this mean you should buy AICIQ? Not a chance. Look over the rest, at a pool of 900 companies, you've got a bunch of looking. Maybe, just maybe, one will be good. I've found a few, very few, but you have to keep looking, but you need more than some arbitrary performance standard than going under a penny and coming back up.
2007-09-05 15:57:08 · answer #2 · answered by Rabbit 7 · 1⤊ 0⤋
Yes it can. There are many in the Pink Sheets. Its extremely unlikely that they will rise significantly if they are that low. Unless the company does a reverse split. Even then they might just sink back to where they were.
2007-09-05 15:05:29 · answer #3 · answered by jeff410 7 · 0⤊ 0⤋
1) Yes.
2) No.
2007-09-05 15:54:50 · answer #4 · answered by Anonymous · 0⤊ 1⤋