[mage lang="" source="flickr"]penny stock purchase[/mage]
stock volume; how malleable is a penny stock with low volume?
what happens when you purchase 10,000 shares of a penny stock whose 10 day average volume is 77,0000 shares? Will the trade move the stock up only to trigger a mass sell off?
The lower the volume, the more easily manipulated a stock can be. The cheaper it is, same thing because it’ll take less $$ to manipulate it.
In general, you should stay away from penny stocks. In most cases, it’s like playing slots in vegas. You might hit one once in a while, but in general, just say buh bye to the money!
Hope that helps!
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