Whats the cheapest stock on market? I need a stock with price 0.0001. I found one but forgot the symbol.
thanks.
2007-10-26 09:54:43 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
According to Yahoo
OMDA OIL AND GAS INC (OMOG.PK)
last traded for $0.0001.
2007-10-26 16:33:38 · answer #1 · answered by zman492 7 · 0⤊ 0⤋
Because most penny stocks are either scams or bankrupt companies it is obviously a good idea to stay away from them. But if you Must trade penny stocks, then if you have $ to invest, divide it into 6 or 7 equal parts and only invest that part in one scheme. Diversifying into several different investments will allow you to spread your risk and at the same time give you exposure into more possible candidates whose price will explode....of course most won't, but the ones that do will bring back great returns.
2007-10-26 10:18:15 · answer #2 · answered by BJtheGreat 5 · 0⤊ 0⤋
try mobl. I made some money with them although these penny stocks drove me crazy this is a great company with a market cap of 4.5 million. Mobilepro can be the way to go
2007-10-26 14:19:06 · answer #3 · answered by Greg M 2 · 0⤊ 0⤋
must be careful with penny stocks
I got one (oil) that was 4.5 cents/share - supposedly headed
to $1.20 = maybe even $20!!!!!!
so 10,000 shares for $457.50 *includes comission
stock went to .02 - then consolidated 100 to 1
(means my 10,000 were now 100)
not it has flatlined - and not worth the paper it's written on
*sigh*
all that glitters.....................
2007-10-26 10:01:05 · answer #4 · answered by tom4bucs 7 · 0⤊ 0⤋
ADCN is worth a penny, you can find other buy looking in yahoo finance.
2007-10-26 10:01:40 · answer #5 · answered by Anonymous · 0⤊ 0⤋