Posts Tagged ‘Penny Stock’

Low Price Stock Trading - massive activity - question?


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I’m looking for the reason or logic that is behind recent trading activity I’m witnessing. XXX, trades as a OTC penny stock. I have shares that I bought through my normal brokerage account, just as anyone can. XXX is trading at massively high trading volumes now for months, with little to no change in share price. Average daily volume 333,281,908 shares. Several days with well over a billion shares traded. XXX’s web site states that there are 10 bil shares outstanding. One last fact, the stock price has plummeted over these months. At .0001 per share during the massive volume period. My question is: How, with only 10 billion shares outstanding, can XXX be so actively traded at this volume and why would XXX sit at the same price and trade billions of shares, when all press and reports about the company are positive?

My take is that someone is deliberately swapping shares, huge chunks at a time, at ridiculously low prices to keep the stock price down? Why go to the expense?

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I need to know some online brokers that will allow me to buy penny stocks.?

I am interested in buying penny stock but i don’t know any online brokers that will let me.

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Which Online Trading website is the best for Penny stock?

i want to buy penny stocks, however many online trading website charge a high commission, ex, ScotTrade, is there any website charge less for penny stocks?

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Where where I find legitimate research material and a legitimate means to invest in penny stocks?

I’m thinking of investing in a sound "penny" stock I need to the leading source for research material for penny stocks and the leading penny stock listing index.

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How much can a stock fall in a day?

For example,can a stock trading at ,be wiped out and almost become a penny stock in a day?i have seen stocks rising 100% but falling i am not sure.
Back in India i think we have a 10% regulation,to avoid scams or shortselling i am not sure though,if there are any indian traders please tell me the details about this too.
Oh i think even in India they have caps for the market,not for individuals stocks.
all of them are good answers, i mean they satisfy my question.except for the india part.tough to choose the best answer.
Thank you.
as a true investor let the market decide the best answer

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buy penny stock?

what is the best online broker to use for buying penny stock ? without many charges? Thanks a lot for your info

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Borrowing money to invest in stocks?

How common is this? I put all my bills on my credit card each month and pay all my income to it, so this month, I kept 600 dollars that was meant for my credit card and invested it in old stable companies that are currently trading at penny stock prices.

Is this a bad idea? I figure if I borrow 00 this way, after five years it would only be 0 interest (My APR is 9% and my credit limit is ,000), but if these companies bounce back in that time I could potentially make between k to k.
The stock is Level 3 Communications. I bought a few hundred dollars worth when they were 1.39 but they took a hit and the lowest I saw them go was .60 but they shot back up to what I paid and are now down to .80. Every time they go below a dollar they seem to shoot back up so I bought 0 more at .80 a share. I have about 600 in so far the rest is diversified in smaller companies.
I can afford to lose 600-1000 dollars. I basically consider it betting that the following companies will not go under:

Level 3 Communications
Activision (runs World of Warcraft, if they go under so does my entertainment and will to live lol)
Charter Communications (I took a hit on this one for half but I only invested 80 bucks, the only one I invested more than 100 in was Level 3 since they have been around so long and run half the internet.

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I would like to start trading stocks…?

I subscribed to one of the "penny stock" newsletters and have been watching their results for a while. Seeing that they usually gave pretty good advice, I decided to purchase some today based on one of their recommendations. I have never done this before. I opened an accound with Sharebuilders & Ameritrade - neither one will allow me to purchase this stock. So I tried a different stock. They will not allow me to purchase this one either Sharebuilders says it isn’t a Sharebuilder listed stock and Ameritrade says "Funds are not available for this transaction of a non-marginable security" - I electronically transfered the funds into Ameritrade.

I am very new at this. How can I purchase the stocks that I want on-line?

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How do you identify high potential penny stocks?

What are things to look for in a penny stock that will tell me that a penny stock has potential? I know that penny stocks are risky, but i’m willing to take the risks. thanks

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anyone know anything about penny stock trading?

Any good sites with alot of information on how to get started…. where to do research etc.

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