tag:blogger.com,1999:blog-5465015914589377788.post3639743317862442325..comments2024-02-17T11:07:06.232-05:00Comments on Michael James on Money: The (Dis)Advantages of Buying Penny StocksMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5465015914589377788.post-68252856688569329612011-08-06T10:30:12.125-04:002011-08-06T10:30:12.125-04:00Meanwhile LULU lost 19 % since Doctor Stock publis...Meanwhile LULU lost 19 % since Doctor Stock published his post!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-76902080285393864142011-07-30T05:52:07.342-04:002011-07-30T05:52:07.342-04:00You need a good broker who specializes in penny st...You need a good broker who specializes in penny stocks and gives you great advice on penny shares and investing, rather than a stockbroker just to place an order for you.penny shareshttp://www.hotstockprofits.com/noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-53852874789324524632011-07-30T00:56:40.603-04:002011-07-30T00:56:40.603-04:00@Gene: I've heard that story about MSFT being...@Gene: I've heard that story about MSFT being a penny stock at one time as well. It's hard to blame a novice for believing it.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-81852611834871516532011-07-29T22:39:26.901-04:002011-07-29T22:39:26.901-04:00Reminded me of a claim I saw one time that even MS...Reminded me of a claim I saw one time that even MSFT used to be a penny stock. Not true, it just appears it was once a penny stock by looking at historical prices. Each share was split so many times, the historical prices per share are in penny stock territory.<br /><br />Another possible drawback is that penny stocks were probably once $5 or $10 stocks, but they are of such low quality they've lost 80% or 90% of their value.<br /><br />Potato makes a good point about spreads.genehttps://www.blogger.com/profile/05608927986297939720noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-9438685539242483122011-07-26T09:20:43.658-04:002011-07-26T09:20:43.658-04:00@Potato: As long as you're willing to accept ...@Potato: As long as you're willing to accept any price, I'm sure that trading penny stocks is as easy as clicking a button. But as you say, trying to get a fair price can be very difficult.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-75572321406106358792011-07-26T03:42:04.169-04:002011-07-26T03:42:04.169-04:00Easier to buy?? I'd say if anything they'r...Easier to buy?? I'd say if anything they're more difficult: many have poor liquidity, spreads can be high (esp. as a percent of price: bid .10 ask .11 is a 10% spread, vs. bid 50.01, ask 50.02), and if they get delisted it only gets more difficult.Potatohttp://www.holypotato.netnoreply@blogger.com