What Are Penny Stocks?Learn All About Penny StocksWhat are penny stocks? What is a penny stock? Investing in sub penny stocks. Why buy penny stock? How to buy penny stocks.
Photographic Print The term penny stock is used in reference to shares trading for $5 or less. So a penny stock can cost $3 or $4 per share. In fact, some of the best penny stocks trade for more than $1 per share. You can find penny stock investments in every stock market sector. There are: I could go on, but you get the picture.
Small Cap and Penny Stock CompaniesPenny stock companies are very diverse, but the one thing all penny stocks have in common is that they are the shares of small cap companies.A small cap company is roughly defined as a company with a market capitalization under $1 billion. Many penny stock companies are micro caps (market cap under $300 million). And then you have the sub penny stocks which are usually nano caps with a market cap below $50 million. The most important thing I can tell you about market capitalization is this: The smaller the company, the more risky the trade. So, what are penny stocks? They are the publicly traded shares of small-nano cap companies.
Why Buy Penny Stocks?Because there is a lot of money to be made in the penny stock market. And that money can be made very quickly.When I first started trading penny stocks, I purchased Strategic Resources, Inc. (symbol SGCR) at 10 cents per share. I sold those shares 2 weeks later for 17 cents. The share price of SGCR went on to rise much higher in the days and weeks after I exited. I watched in awe as it rose to 35 cents, then to 43 cents... Ultimately, it peaked a few months later at $1.17! I could have made a lot more if I had traded SGCR just one more time during its meteoric rise. But I was new to the penny stock market and I didn't have the knowledge or the nerve to jump back in when the share price pulled back. I took my 70% gain and went home. I was just happy to have made--and not lost--money. I was then, and am still now, thrilled to make 70% in 2 weeks. Greed will get you hurt in today's stock market.
How to Buy Penny StocksBuying Penny Stocks is the page you need to read if you want to know how to pick a good penny stock.So, what is a penny stock? It's something you want to learn to trade well and often.
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