Stock Markets Exposed
Penny Stock Information.?
What I know is that penny stocks are a gamble, there is a lot of scams involving them like pump and drop, and people don't tend to like them. I'm not going to get involved in emails telling me to buy this and that. I only want to invest 50 bucks and penny stocks seem to fit what I want. That being said I would like to ask some questions. Lets say I buy a penny stock at 1 penny a share and it goes up to like 50 cents. I used 40 bucks worth of money to buy them on an online trading site. ok now I want to sell it at 50 cents a share. How hard would it be to sell the stock? On maor stocks people say its almost instant and they usually find buyers right away. But what if you sell your penny stocks, will you be stuck with it or is it relatively easy to sell when you want? Or you buy a penny share, it goes up 50 cents or a dallor and then you try and sell it and no one buys it and your stuck with it ?
Public Comments
- with penny stocks it is a crap shoot but rest assure someone will buy them if you sell them. I have had some luck with some stocks a little higher then the penny and never once had a problem selling them.
- It all depends on the volume of the stock. The higher the volume, the easier it is to sell at the current price. You are wasting your time though. If you really want to get started with stocks, I would suggest a service like Sharebuilder. You can buy stock in small increments and build your portfolio over time. The fees are very low also.
- depends on the stock every trade has two sides... someone has to be willing to buy your shares. i've seen stocks where the listed price was .75 and the best bid was .20 ,,,,,, remember... cheap stocks arent always cheap...the odds of that stock going up 50x is outrageous... you're better off buying a lottery ticket. .... buy 3 shares of a beaten up quality stock and watch it triple.in the long run... you'll have a much better chance of at least getting back what you invested. also... if you only have 50$ to invest... your first goal should be accumulating an emergency cash fund...once you have several months of living expenses socked away then start saving and investing long term... or gambling on penny stocks
- Right now your best bet to toss fifty bucks for an investment is go to ebay and buy euros or gold and silver,,, I have never seen more crooks in the small market,,,, example go research a penny ante company rlgt and you can see how people shift from one to th other and shut down one company and open another,,,At this time it is horrible
