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"Penny stocks are typically growing companies with limited cash and resources. In other words, most penny stocks are high-risk investments with low trading volumes and limited attention from investors. "
Neither C, nor AIG is a low trading volume, nor limited attention, in fact that are the opposite..
Regardless, none of this mitigates that RD5050 tried to make a point about "my portfolio" without making a point. Almost as laughable as bobs rational that the market going up = Republicans upset.. Please
Note the words in RED.
In regards to Bobs' rational "that the market going up = Republicans upset" - that's probably an accurate statement for those who don't own stock - and for those that do - it's probably (for many of them at least) rather similar to that old definition of "mixed feelings" - like seeing your mother-in-law drive over a cliff... in your brand new Cadillac.
In regards to Bobs' rational "that the market going up = Republicans upset" - that's probably an accurate statement for those who don't own stock - and for those that do - it's probably (for many of them at least) rather similar to that old definition of "mixed feelings" - like seeing your mother-in-law drive over a cliff... in your brand new Cadillac.
Ken
Lets go here slowly
Pink sheet stocks - Are ALWAYS penny stocks
OTC - Are ALWAYS penny stocks
Limited cash - MAY be penny stocks
Limited resources - MAY be penny stocks
BUT
high traded or limited attention - NEVER a penny stock.
And again, this has to what do with the topic other than RD5050 thinking he's made a point even though he hasnt about "my portfolio".. lets recap, I'd like to have 1,000,000 shares of either, whats the point?
p.s. I'd love to see my mother in law go over the cliff in my cadillac.. I have insurance on the cadillac, I dont think one can buy insurance to protect them against Obamas tax increases..
Lets go here slowly
Pink sheet stocks - Are ALWAYS penny stocks
OTC - Are ALWAYS penny stocks
Limited cash - MAY be penny stocks
Limited resources - MAY be penny stocks
BUT
high traded or limited attention - NEVER a penny stock.
And again, this has to what do with the topic other than RD5050 thinking he's made a point even though he hasnt about "my portfolio".. lets recap, I'd like to have 1,000,000 shares of either, whats the point?
p.s. I'd love to see my mother in law go over the cliff in my cadillac.. I have insurance on the cadillac, I dont think one can buy insurance to protect them against Obamas tax increases..
As per your OWN post: "According to the Securities & Exchange Commission (SEC) any stock under $5 is a penny stock."
What Does Penny Stock Mean? A stock that trades at a relatively low price and market capitalization, usually outside of the major market exchanges. These types of stocks are generally considered to be highly speculative and high risk because of their lack of liquidity, large bid-ask spreads, small capitalization and limited following and disclosure. They will often trade over the counter through the OTCBB and pink sheets.
The term “penny stock” generally refers to low-priced (below $5), speculative securities of very small companies. While penny stocks generally are quoted over-the-counter, such as on the OTC Bulletin Board or in the Pink Sheets, they may also trade on securities exchanges, including foreign securities exchanges. In addition, penny stocks include the securities of certain private companies with no active trading market.
Before a broker-dealer can sell a penny stock, SEC rules require the firm to first approve the customer for the transaction and receive from the customer a written agreement to the transaction.
You can buy stock in AIG or C without giving written agreement to the transaction. They are NOT penny stocks..
You guys can go argue, I'm done going in circles, if you guys want to disagree with the SEC over SEC rules, please call them, I have no control over what rules they create..
Possible of course, but I don't think it will happen. As the economy starts to turn around it should ease the economic load on companies and take the wind of that theory's sails.
Stocks are above 8000 now that they finally bought into changing amrk to market as the markets have been wanting. I still see trouble ahead with inflation and many of the basics tho.I also don't see going very high without the so called toxic assets plan working or the jobless rate startign to trun around which isn't like from all signs.People trying to judge the bottm is what I see and maybe a long flat part of teh curve.
Stocks are above 8000 now that they finally bought into changing amrk to market as the markets have been wanting. I still see trouble ahead with inflation and many of the basics tho.I also don't see going very high without the so called toxic assets plan working or the jobless rate startign to trun around which isn't like from all signs.People trying to judge the bottm is what I see and maybe a long flat part of teh curve.
Well, the day ended up off the highs, so we didn't end up over 8,000 - but we're pretty close (7,970).
Will tomorrow continue the climb - or will we see some profit-taking?
I have no idea.
Still, today was yet another GOOD day - and I'll take it.
Well, the day ended up off the highs, so we didn't end up over 8,000 - but we're pretty close (7,970).
Will tomorrow continue the climb - or will we see some profit-taking?
I have no idea.
Still, today was yet another GOOD day - and I'll take it.
Ken
Since when does a "constitutional law professor" know about high finance? Leave Wall St to the supply side geniuses like Phil Gramm and stop whining about job losses.
Maybe Obama should stick to his knitting and ferret out corrupt Justice Dept prosecutors or something.
Since when does a "constitutional law professor" know about high finance? Leave Wall St to the supply side geniuses like Phil Gramm and stop whining about job losses.
Maybe Obama should stick to his knitting and ferret out corrupt Justice Dept prosecutors or something.
Since when does a "constitutional law professor" know about high finance? Leave Wall St to the supply side geniuses like Phil Gramm and stop whining about job losses.
Maybe Obama should stick to his knitting and ferret out corrupt Justice Dept prosecutors or something.
You're so funny - sounds like you're running for Michael Steele's job!!!
ROFLMAO!!!
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That darned Obama!
