One of the questions I get asked most is where do I find penny stocks? First you must know as what are penny stocks? Let’s start with what they are, and then discuss where you can get penny stock lists and information.
What is a penny stock?
That is a defined arbitrarily by Wall Street as any stock under five dollars. That is not necessarily right, as many stocks fell after the crash a few years back to well below five dollars and one cannot say that they suddenly became penny stocks. The real reason Wall Street picks out such a price is that things change in margin conditions and in a public company’s ability to get financing based on their shares when they fall below five dollars. I generally think of a penny stock as any stock on the Over-The-Counter Bulletin Board or OTC Markets.
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