Jul

28

Investors?????????????? Penny stock question?

By Gary James

if a penny stock is trading at 0.0006$ how much is that? Is 1.00 one dollar? 0.1, 10 cents?

Categories : Penny Stock Trading

2 Comments

1

Voice of Reason
July 28th, 2010 at 6:12 pm

It is .0006 of a dollar.

That is six hundredths of a penny.

Seventeen shares would be worth a penny.

There are a hundred pennies in a dollar–perhaps that is the part you were missing?

2

b2fnow
July 28th, 2010 at 6:12 pm

You might want to read this article about penny stocks, they are highly speculative and risky.

http://en.wikipedia.org/wiki/Penny_stock

Stock trading simulator and Education

http://www.howthemarketworks.com./
http://stockmarket.makemoneyideas.in/
http://simulator.investopedia.com/home.aspx (simulator, and finance terms and definitions)
http://www.top10traders.com
http://investing.sitesled.com/
http://www.stockcharts.com
http://www.freestockcharts.com
http://futures.tradingcharts.com/learning/
http://www.fool.com/school/basics/basics...
http://beginnersinvest.about.com/library...
http://www.mysharetrading.com

About Gary James

Hey everyone, Gary here. Just a little run down about me. Stock trading was never my forte'. In fact, I lost tens of thousands of dollars listening to stupid advice and letting other people trade for me. Bad mistake. I traded futures, options, e-mini futures contracts, etc. It was okay and I barely broke even.

Then I discovered penny stocks. Not the penny stocks that are sold from boil rooms in some sweat shop in New York. I am talking about real companies listed on major stocks exchanges that were beat down and sold for $5 or less a share. Most of the good stocks this year sold for under $5. I got wind of a few good online penny stock newsletters that let me make my own decisions. The rest is history. I make a comfortable living because I invest in companies that have value.