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Questions tagged [penny-stocks]

The tag has no usage guidance.

1
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0answers
29 views

Where can I find the daily market gainers of the past? [closed]

I would like to find nano cap stocks that have run in the past but I'm not sure where I should look. Any ideas or suggestions will be appreciated!
-1
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2answers
125 views

Is it possible to make a profit in inter day trading using penny stocks(1$ to 3$), given that commission is 0.005 for buying and selling?

If I can get an average profit of 0.5% per trade, and there is a commision of 0.005 per share, can it ever be profitable to trade penny stocks(1$ to 6$)?
7
votes
1answer
218 views

Am I ever required to sell a stock?

I bought some shares of a distressed company that I thought had a good chance of a turn around. Unfortunately, it did not, and the stock now trades OTC for less than 2 cents. My shares are worth ...
0
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1answer
136 views

Market makers role

I'm trying to understand the role of a market maker, so the best bid and offer depends on where orders are resting, and these orders are from retail investors or institutions or whoever, why is it ...
0
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0answers
86 views

Possible solutions when brokerage blocks the trading of shares?

I own stock of a company that was delisted from NASDAQ and is now trading on OTCPink. Recently I have found out that I cannot sell the shares I own because the depository institution blocked the ...
0
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2answers
55 views

Find the tick increment value of an equity

Is there any resource containing the tick increment values of NASDAQ/NYSE equities (.0001, .01, .05), or way to programmatically determine it (rule or formula) ?
6
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3answers
1k views

What drives the stock of bankrupt companies?

What drives the stock of bankrupt companies? For example: Energy Company SunEdison (SUNE) filed for bankruptcy in early 2016, with debt exceeding assets by at least $1 Billion USD. Throughout the ...
-1
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3answers
484 views

Trading penny stocks at night in the US

I plan on swing trading after six months of study and then six months of paper trading. I have a full time job and have to trade at night. I have considered penny stocks. Is it possible to trade them ...
2
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2answers
132 views

Do the nasdaq small cap stocks or penny stocks get promoted?

Just a simple question that came to mind, but most penny stocks especially in the otc and pink sheet tend to get promoted a lot by ads and spam is it the same for small cap stocks on nasdaq exchange ...
0
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1answer
96 views

international student tax deduction while trading

I am an international student in US. I just want to explore the world of stock market and trading. I am doing it by "Robinhood". I know i need to pay taxes at the end. But I am not trading very high ...
-1
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1answer
231 views

What causes a stock to drop in price?

sorry for some minor grammar issues its late and I'm trying to get as much information for a class of mine. So what exactly is making the price of a stock to go down even though as an example through ...
11
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3answers
15k views

How do I get rid of worthless penny stocks if there is no volume (so market/limit orders don't work) and my broker won't buy them from me?

Short summary I bought some shares in a penny stock a few years ago, but now they don't trade and are worth $0.0001 per share. I want to get rid of them, but a) market orders don't work because the ...
0
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2answers
190 views

What kind news or information would make the price of a stock go up? [closed]

So I'm just trying to get as much information as I can before I start trading but what kind news is guaranteed or at least has a great chance to push the price upward? the reason is because I've seen ...
3
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2answers
1k views

How much time should be spent on Penny Stocks Trading a day?

I am a student studying and I got interested in Penny Stocks, because I hope to gain money earlier in my life. I hope to invest the first amount of money that I may earn by part time job; cleverly ...
0
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3answers
84 views

Due Diligence - Dilution?

How can one find out whether the company has performed dilution or not? Where can one see how many times in its history the company has performed dilution in its history? Is it possible to know ...
4
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1answer
1k views

Do I have to sell worthless stock to claim a loss and clean up?

On February, 3 2000 I purchased shares in iVoice.com (IVOC). These shares sat in a "hobby" account which I rarely looked at until recently. I'm looking for guidance on how best to deal with the ...
3
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2answers
4k views

Shorting Obvious Pump and Dump Penny Stocks

Obviously there is a lot of risk involved, but I routinely see penny stocks (OTC) climb to unreasonably high levels of growth over very short periods of time (1-3 days), sometimes up to 9000% growth. ...
29
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5answers
17k views

If I have $1000 to invest in penny stocks online, should I diversify risk and invest in many of them or should I invest in just in one?

I have $1000 to invest. I use Scottrade to invest in penny stocks online, they charge $7 to buy a stock and another $7 to sell it ($14 in total). Given the high volatility of these stocks, what tactic ...
0
votes
1answer
327 views

Reasons behind a large price movement of a penny stock without any recent news releases?

Sometimes I see penny stocks on the Yahoo! Finance page move by about 100% in a single day. For example, this stock shows a 91% gain on 10-Jan-2014. By browsing the news reports, I cannot see ...
2
votes
1answer
1k views

What are NSCC illiquid charges?

What exactly are NSCC illiquid charges? NSCC says: Buy Side: Open net buy quantity represents the total unsettled share amount per stock at any given time during a 3-day settlement cycle. Open net ...
6
votes
1answer
980 views

How can OTC scams affect you?

I learned a hard lesson today, and fortunately it wasn't that bad. I invested a few thousand dollars in a penny stock carelessly (via ETRADE, with the intention of doing a short term trade, or a day ...
9
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6answers
3k views

How risky are penny stocks?

I've recently gotten into several discussions on penny stocks, and I intuitively know that they're far more risky than large cap companies with real assets, but is there any measure of how risky they ...
3
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2answers
800 views

Does a rescheduled conference call generally mean “something's wrong” with a company?

A small, speculative company in my portfolio made the grand press release that they were rescheduling their quarter end conference call for one day later (oh my!). The stock promptly lost nearly 2/...
5
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1answer
714 views

Does technical analysis work on penny stocks?

Does technical analysis work on penny stocks? If yes, and we're talking about stocks that trade under $3, is there a point at which it stops being effective? If yes, does technical analysis work the ...
5
votes
2answers
8k views

How does anyone make significant money on very low volume stocks?

After getting some answers to a related question, I thought I'd post a follow-up. It seems that if there is a low-volume stock, even with significant daily swings in stock price (e.g. 10-15%), one ...
11
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5answers
48k views

Consequences of buying/selling a large number of shares for a low volume stock?

Out of curiosity, I've casually followed some penny stocks that trade for under a dollar a share, and find occasional swings up of 10-15%. One naive interpretation of this fact is that if I bought $...