How To Buy Penny Stocks
The SEC defines penny stocks as "low-priced, speculative stocks of minute firms. While penny stocks generally are quoted OTC,eg on the OTCBB or in the Pink Sheets, they might also trade on stocks exchanges, including foreign stocks exchanges. In addition, penny stocks include the stocks of certain private companies with no active trading market.".
Last fall, the SEC took the unprecedented action of banning short sales and looking for a short cover on financial sector stocks that taken a thrashing by the shorts. It's a lament that penny stock firms have been complaining of for a while but went unnoticed. And now these established, down-on-their-luck finance firms have convinced the North American public that they're worthy of billions in taxpayer bucks because they are established firms and not traditional penny stocks as defined by the SEC.
So what have we actually done for these behemoths? We've changed the meaning of penny stocks to accommodate them. We've changed the level playing field by exempting them from short sellers. And now we are giving them tax bucks like some central authority sponsored clinic while hard working entrepreneurs have to fight for their place in this shrinking economy.
You have heard of penny stocks, but the mere name of them scares you, just because of its speculative sound. Yet you know that many folks claim to have made laughable profits in the penny stock market. But before you choose to get involved in penny stock trading, you need to become educated in all of the penny stock language, so that your definition of the best penny stocks matches that of those individuals that trade them for a living.
There are people who define the best penny stocks re their price per single share. The instruments and Exchanged Commission, or SEC, has established a minimum price for.
Stocks to trade on the bigger exchanges ; routinely it is $4 or $5 per share. So the best penny stock definition, according to them, would be any stock which did not meet the threshold $4 price to get it off the penny stock exchange.
Once a stock has been sent to the penny stock exchange, it'll trade there until the company is ready to re-qualify it for a larger exchange, and this could not occur even if it is trading above $4 or $5, because other conditions have to be met. So many traders look at where a stock is trading as the best penny stock backbone.
If you have decided never to hold a stock which gets over the $2 level as the best penny stocks to trade are under $2, then you should sell all your stocks as soon as they hit $2 rather than hoping for another nickel or dime. Your best prospect of being one of those who make money in penny stocks, discovering a way to fix on the best penny stocks, and sticking wh it, is your best hope. - 23221
Last fall, the SEC took the unprecedented action of banning short sales and looking for a short cover on financial sector stocks that taken a thrashing by the shorts. It's a lament that penny stock firms have been complaining of for a while but went unnoticed. And now these established, down-on-their-luck finance firms have convinced the North American public that they're worthy of billions in taxpayer bucks because they are established firms and not traditional penny stocks as defined by the SEC.
So what have we actually done for these behemoths? We've changed the meaning of penny stocks to accommodate them. We've changed the level playing field by exempting them from short sellers. And now we are giving them tax bucks like some central authority sponsored clinic while hard working entrepreneurs have to fight for their place in this shrinking economy.
You have heard of penny stocks, but the mere name of them scares you, just because of its speculative sound. Yet you know that many folks claim to have made laughable profits in the penny stock market. But before you choose to get involved in penny stock trading, you need to become educated in all of the penny stock language, so that your definition of the best penny stocks matches that of those individuals that trade them for a living.
There are people who define the best penny stocks re their price per single share. The instruments and Exchanged Commission, or SEC, has established a minimum price for.
Stocks to trade on the bigger exchanges ; routinely it is $4 or $5 per share. So the best penny stock definition, according to them, would be any stock which did not meet the threshold $4 price to get it off the penny stock exchange.
Once a stock has been sent to the penny stock exchange, it'll trade there until the company is ready to re-qualify it for a larger exchange, and this could not occur even if it is trading above $4 or $5, because other conditions have to be met. So many traders look at where a stock is trading as the best penny stock backbone.
If you have decided never to hold a stock which gets over the $2 level as the best penny stocks to trade are under $2, then you should sell all your stocks as soon as they hit $2 rather than hoping for another nickel or dime. Your best prospect of being one of those who make money in penny stocks, discovering a way to fix on the best penny stocks, and sticking wh it, is your best hope. - 23221
posted by X - Men @ 7:18 AM
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1 Comments:
Traders can gain beneficial information from trading point of view here. Market reports of epic research are helpful to learn quick insights on market's performance.
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