Steer Clear of Penny Stock Fraud to Buy Penny Stocks Online
It seems both counter intuitive and just plain odd to discuss one of the nations oldest and largest corporations on a site about buying penny stocks, but I guess it is just than kind of economic era.
The Detroit Free Press has this about the value of GM’s stock:
Most consider penny stock trading to be the exchange of stocks at a price between $1 and $5 per share. You’ll also see penny stocks labeled as micro cap stocks, microcap stocks, nano stocks or even just small cap stocks.
Penny stock trading occurs within the OTCBB (Over-the-Counter Bulletin Board) or on the Pink Sheets. So you’ll also find these stocks labeled as OTC stocks (OTC stands for over-the-counter). Penny stocks tend to represent smaller companies, newer companies or struggling companies. They either haven’t proven themselves enough to list on NASDAQ or the grand New York Stock Exchange (NYSE) or in some cases they’ve been penalized by those exchanges and removed.
There is a common misnomer regarding penny stock trading.
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