There are many different schools of thought about what exactly qualifies a stock to be classified as a penny stock. The most common definition is: A common stock that trades for less than $5, and is traded on the OTC and Pink Sheets exchanges.
For my trades in this particular project I am using that definition as my and only add one element to it. I am not concerned with which exchange the stock is traded. With the Market down like it is there are "penny" stocks on every exchange. Even on the NYSE.
So if you see me pick a stock that is traded on the more recognized exchanges, just understand that my qualifications for a penny stock is only that the stock be under $5, but remember that I may on occassion purchase stocks that trade higher if the chartlooks good or if I get a good tip from someone reliable.
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
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