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maniladreamin
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For penny stocks, I am under the impression that .10= 10 cents. Is this correct?

what is the price level of say .0010 or .00010? Is that 10 one hundreths of a cent? etc.
thanks.

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duke4734
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you are correct on both questions. if the stock is below a penny it is generally refurred to as "subpenny".

quote:
Originally posted by maniladreamin:
For penny stocks, I am under the impression that .10= 10 cents. Is this correct?

what is the price level of say .0010 or .00010? Is that 10 one hundreths of a cent? etc.
thanks.

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maniladreamin
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quote:
Originally posted by duke4734:
you are correct on both questions. if the stock is below a penny it is generally refurred to as "subpenny".

so that would allow a lot of room for profit I see.

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duke4734
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stocks in this range have alot more volitility then higher priced ones (usually). yes you have alot more chance of making money but u also have alot more chance of losing it. i segest you paper trade untill you get you skills down. i rushed into some trades at first with out knowing nething n i am playing for it
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BT
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Remember they used to use fractions? Geez, I hated that! Thank God they got rid of it!

.0050 = 1/2 of a penny
.0010 = 1/10 of a penny

Don't think there so much room for profit because at .0010 if it goes down just 2/100ths of a penny its 20%! Then again up 2/100ths of a penny is a 20% gain.

It can also drop to .0001 and stay there for a long, long, long, time.

I see more rewards in pinks & OTC then the big boys. I love risk.

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