I have 50 shares of a stock that is currently 0.010. What price would it have to rise to make good money?
Its a long shot, but what would it have to raise to to make a decent return?
I actually meant to say I purchased $50 worth of stock at 0.010… my bad
What is your definition of “good money”???
is $100 good money….$1000 good money…$10,000 is probably good money
the odds of you hitting that $10,000 in a year are pretty small but could happen.
but you are dealing with a penny (almost sub penny stock)….not many companies play by the rules down there….most are scams.
Here is a post by a guy who had 500,000 shares of a penny stock at your level…I am sure he thought he would make a fortune…the company has done a 100:1 reverse split…now he has 5,000 shares that he cannot sell yet…I personally think he has been trapped….could happen to you too.
the jury is out as to whether or not he has lost his gamble but…I think he has….could happen to you too….though you have less invested.
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