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Microcap & Penny Stocks : The Black Art of Making Money in Penny Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (108)6/18/2000 3:47:00 AM
From: Wayne Rumball  Read Replies (1) | Respond to of 131
 
Very good question. For most I think it is anything under a buck, for some it is anything on OTCBB



To: Vendit™ who wrote (108)6/18/2000 12:30:00 PM
From: ChrisJP  Read Replies (1) | Respond to of 131
 
Hi Vendit, my broker once told me that they consider a "penny stock" as one so low in price that it is not marginable. I think it is $5 or under, which might be why SI has a category with the same name.

I have also seen $3 or under.

Investment tip: when a stock falls below $5, it triggers margin call and sends the stock even lower ! Sometimes it creates a short term profit opportunity.

Regards,
Chris



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