Investors?????????????? Penny stock question?
by Gary James on Wednesday, July 28th, 2010 | 2 Comments
if a penny stock is trading at 0.0006$ how much is that? Is 1.00 one dollar? 0.1, 10 cents?
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Hey everyone, Gary here. Stock trading was never my forte'. I lost tens of thousands of dollars listening to stupid advice and letting other people trade for me.Then I discovered penny stocks. I am talking about real companies listed on major stocks exchanges that were beat down and sold for $5 or less a share. I found a few online penny stock newsletters that let me make my own decisions.
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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?
You might want to read this article about penny stocks, they are highly speculative and risky.
http://en.wikipedia.org/wiki/Penny_stock
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