I currently own a few shares of a stock that is not doing so well. Does anything happen if it reaches $0.00 that affects me besides it being “worthless“? Right now it is only at $0.09. Can its ...
hi..
i want to learn about stock market and how u can make money out of it..
can anyone tell me any online tutorials or ebooks or sites which are free so that i can learn stock markeT?...
Im interested in both long term investments and short term trading. First question-Which course should I learn? Im caught between Futures,Options,Forex,CFDs. I have attended countless free workshops ...
No.
especially with the way the economy is going.
You would be lucky to retain your original $40 losing the 12.99 commission.
what?
no. i can never advise anyone to try to trade in penny stocks.
if you chose not to heed my advise, though, just make sure you use a limit order and not a market order - you can lose your shirt if you use a market order with a stock like this.
I Buy And Sell Houses
Quick answer: No. Commission is way too high. Or...commission is actually reasonable, but you're not spending enough on the stock.
Longer answer: It depends on how the stock will perform. If you had a crystal ball and could tell me that in 6 months the stock would be selling for $26 a share--going up in value ten-fold--then, sure, it makes sense. It'd be worth $400, and the $12.99 commission--while still a big chunk of that--is OK since your gain has more than offset the commission.
Still, in most cases, the answer is no. You're not really buying enough stock to spread the transaction cost out over enough shares.
Hope that helps.
Beau.Gus
No.
There is a 99% chance that any stock trading at less than a dollar a share will vanish within a year....and be worth NOTHING.
If you only have $52.99 to invest, you should open an account with Sharebuilder.com and buy fractional shares in "real" companies!
JohnGalt
I have one penny stock that I am buying from time to time. It sells at 17 to 20 cents and I buy in 5000 or 10,000 share blocks. Your goal should be to keep commissions at 1% or less of investment.
Shaun R
I don't think so. You should probably wait until you get a good amount of money before you invest otherwise the commissions will kill you.
Raj m
no
Nick G
first of all if you want to buy 103 shares of and 26 cent stock it would cost 26.78 and you can open online brokerage accounts that charge alot less commission than 12.99 for example i believe as long as you keep 2500 dollars in a account a zecco your first 10 trades per month are free
Zanthus
what do you mean, IS it worth it????
First of all, Who exactly do you think is going to open a brokerage account for you with 100 dollars??? NO ONE.
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