"jm":

In short, stay away from penny stocks unless you have a significant amount
of experience, a fairly deep pocket, a significant amount of time to commit,
and a willingness to lose your money.

If penny stocks offered the opportunity of a greater, most safe return than
indexing the S&P or the total market as a whole, then the market for penny
stocks would be teaming with investors. The penny stock market is a
wasteland
because it does not offer a greater return with a commensurate decrease in
risk.
In actuality, you will be exposing your money to a significantly larger
amount of risk.

Do not be fooled by others into thinking that this is the place to easily
double your
money. No offense, but if the penny stock market was such a wonderful place
then
why would they bother telling you about it? The evidence just isn't there
to support
the notion that you can do better in the long run in penny stocks.

-JSR

"jm" <john_20_28_2000[at]yahoo.com> wrote in message
news:K6wic.20327$_L6.1300973[at]attbi_s53...
- quote -

jm <john_20_28_2000[at]yahoo.com> wrote:

- quote -

Yahoo's stock screener is located at http://screen.yahoo.com/stocks.html

Use the drop down list to select the minimum and maximum share prices.

I don't usually use Yahoo's stock screener, but do use Yahoo to look at
individual stocks.

--
Ron

"Ron Peterson" <ron[at]shell.core.com> wrote in message
news:108nrh55gvfms09[at]corp.supernews.com...
- quote -

Is there a special search at Yahoo to pull up values of stocks under a
certain dollar amount? I couldn't find one.


---

Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.665 / Virus Database: 428 - Release Date: 4/21/2004

jm <john_20_28_2000[at]yahoo.com> wrote:

- quote -

Kind of. Here's the problem. When you say "Sell!", which I interpret
as a market sell order, what you are saying is "sell my stock at
whatever price the market will bear". The price on the board before you
sell is whatever the last seller got for that stock. The price you get
is not that price, but the price that someone will pay for your shares
now. That may be the same price, but it may not. The more heavily a
stock is traded, the more likely you will be able to sell at or very
close to the listed price, because there will be a lot of potential
buyers at various prices and a lot quicker updates on the selling price.

You can also issue sell orders (called "limit orders") that won't sell
if the price is too low. For instance, if a stock lists at $40 and you
give your broker a limit sell order at $39. Now if the broker can't
find a buyer for at least $39, you keep your stock and don't sell.
Since the price of a stock can easily vary by 3-4% over the course of a
day, if a stock only trades a few times a day, there's a pretty good
chance that the listed price isn't really reflective of the current
state of the market. If you're trading GE or some other blue chip, your
$1 under list sell order will just about always get filled (in fact,
usually right at the listed price) unless the market is tanking or said
blue chip has just issued (or is on the brink of issuing) some bad news.
OTOH, with a very thinly traded stock, there's a significant chance of
failing to complete such an order, even if there is no bad news.


Michael

jm <john_20_28_2000[at]yahoo.com> wrote:

- quote -

I use Yahoo.

--
Ron

"BMS" <mcfarland[at]yahoo.com> writes:
- quote -

It depends on a few things. In the end, though, in order
for you to sell at a given price, someone has to be willing
to buy it at that same price. Every time you buy a stock,
think about for a second - know that someone else was willing
to sell it at the price, too.

In the case of large and widely traded companies, there's
just a natural liquidity out there - if a zillion shares of
stock XYZ are owned by a zillion funds and investors, then
at any given time, lots are likely to be buying or selling,
and not all of them for reasons related to their beliefs
about the future of the stock, its price or its fundamentals.
For example, for every single company in the S&P 500, as long
as folks put money into index funds, those index funds will
be buying those stocks. Similarly, when folks pull money
out of those funds. It's a little less clear when you are
talking about smaller stocks, or actively managed funds which
don't have a mandate to buy certain things. But simple
movement of money drives a lot of the transactions in the
larger, widely held stocks.

For very very small companies, though, it's a world of
different. Big funds tend not to hold them at all, they
are not actively traded, there are no wall street analysts
talking about them, and just because you might want to
sell some at one price doesn't mean that anyone else out
there wants to buy them at that price.

Here are a couple of helpful pages, kindly provided by
the SEC, to help you understand a little more about
trade and order execution:

Trade Execution: What Every Investor Should Know
http://www.sec.gov/investor/pubs/tradexec.htm

Market Order
http://www.sec.gov/answers/mktord.htm

Limit Order
http://www.sec.gov/answers/limit.htm

- quote -

Yahoo has a page for any stock you ask about where it will
show you realtime quotes (meaning the price at which the
last trade execution took place), as well as showing you
the order books - the prices at which folks are offering
to buy or sell. Folks typically are willing to sell for
more than other folks are willing to buy. When those marks
cross - someone is willing to buy at the same or a higher
price than someone else is willing to sell - an actual
transaction will take place.

With a market order, you'll get whatever price the market
was making.

With a limit order, you're actually specifying a minimum
price at which you're willing to sell or a maximum price
at which you're willing to buy. It's entirely possible,
sometimes quite likely, that a limit order will go unfilled
because you demand too high or too low a price.


--
Plain Bread alone for e-mail, thanks. The rest gets trashed.
No HTML in E-Mail! -- http://www.expita.com/nomime.html
Are you posting responses that are easy for others to follow?
http://www.greenend.org.uk/rjk/2000/06/14/quoting

Look at the listings and you will probably see wide spread between the buy
and sell prices because there are few market makers.

"jm" <john_20_28_2000[at]yahoo.com> wrote in message
news:9AGic.25692$IW1.1243965[at]attbi_s52...
- quote -

"jm" <john_20_28_2000[at]yahoo.com> writes:

- quote -

No.

- quote -

Hard to say, but generally the IPO price is at least $10.

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

Go to www.ipo.com and check out various new issues.

"Rich Carreiro" <rlcarr[at]animato.arlington.ma.us> wrote in message
news:upt9wgnau.fsf[at]animato.arlington.ma.us...
- quote -

"Ron Peterson" <ron[at]shell.core.com> wrote in message
news:108ljsvagm6ls56[at]corp.supernews.com...
- quote -

I thought that every stock started out in the pennies. What does a
company's stock usually open at?

And the best question, what is the best way to invetigate one of these
companies with penny stocks to see if they are "worthy" of investment.


---

Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.665 / Virus Database: 428 - Release Date: 4/21/2004

Don't do it unless you know what you are doing.....How old are you?
How much money do you have on hand? How much do you make?
All these are important factors in a decision on investing.

All things being equal, buy either DIA or IVV; these are ETFs which
trade like stocks and mirror the DOW JONES INDUSTRIAL and the S&P500
respectively. But do invest in anything unless you know what you are
doing and yes, I would avod penny stocks in general.

Joe
Licensed Financial Advisor at a major financial firm.
Usual disclaimers apply

On 24 Apr 2004 16:35:12 GMT, "jm" <john_20_28_2000[at]yahoo.com> wrote:

- quote -

"John A. Weeks III" <john[at]johnweeks.com> wrote in message
news:240420041532497391%john[at]johnweeks.com...
- quote -


"such as being thinly traded (ie, no one to buy when
you want to sell),"

I thought that if I owned shares and then said "Sell!" that I *had* to get
my money for them. Is this not true? Second, now that I think about it,
who is buying them? Where does the money come from?


---

Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.665 / Virus Database: 428 - Release Date: 4/21/2004

jm <john_20_28_2000[at]yahoo.com> wrote:

- quote -

The problem with 'penny' stocks is that you can't get accurate
information on their financials.

--
Ron

In article <K6wic.20327$_L6.1300973[at]attbi_s53> , jm
<john_20_28_2000[at]yahoo.com> wrote:

- quote -

Lets use a little Star Trek analogy here. If you see a stock that
is under $5, go to yellow alert, and move away at full impulse power.
If the stock is under $1, raise shields and go to red alert, then
high-tail it out of there at warp 6.

When you see a stock that is this cheap, it means that they have
issued too many shares to support a decent stock price, and they
don't have the earnings to move the price up to a reasonable price
level. This usually means a very risky new company just coming
onto the market, or an old dog of a company that is dying and is
nearly dead. There are a multitude of problems with these kinds
of companies, such as being thinly traded (ie, no one to buy when
you want to sell), few analysts follow them (ie, they can pull all
kinds of tricks and they will not get caught until you fall into
the trap), and few people think that they have any prospects of
turning around (otherwise someone would buy them out at these
low prices).

It is better to find a company that has shown a few good quarters
of growth. Altough the growth will eventually peter out, it is
far more likely that a growing company is going to continue to
grow than a dead company is going to make a sudden turn-around.
Value stock pickers might think otherwise, but you really have
to know what you are doing to be a successful value investor.

-john-

--
================================================== ==================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ==================

I am using a broker that has this:

All Stocks under $1 $12 + 1/2% of principal (online)
$22 + 1/2% of principal (broker assisted)
Canadian Stocks over $1** $22 (broker assisted only)
Bulletin Board Stocks over $1 $12 (online) $22 (broker assisted)
Bulletin Board Stocks under $1 $12 + 1/2% of principal (online)
$22 + 1/2% of principal (broker assisted)
Pink Sheet Stocks over $1 $22 (broker assisted only)
Option Exercise and Assignment $22

I am thinking that firrst one is about penny stocks. Other sites I saw
called penny stocks stocks that were a few dollars. I have heard some
people say that penny stocks are "dangerous." Any good sites about the
"truth" are welcome. Thank you.


---

Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.665 / Virus Database: 428 - Release Date: 4/21/2004