TJG210 LSU Fan New Orleans Member since Aug 2006 18422 posts
Information on low volume pink sheet stocks.... (Posted on 1/14/13 at 4:03 pm)
I'm trying to buy 500 shares of stock that is listed on the pinks, however when I check the stock on Scottrade it shows the daily volume at 0....I looked on yahoo and they had 59 by the 3 month avg. Is it possible things are this low? I have a hunch regarding this stock and have been wanting to get in for awhile with a little play money.
Have yall ever invested in something with such low volume? Is this common? Is there something wrong?
TJG210 LSU Fan New Orleans Member since Aug 2006 18422 posts
re: Information on low volume pink sheet stocks.... (Posted on 1/14/13 at 4:46 pm to foshizzle)
In theory if the stock takes off.....I assume the volume traded will as well? If the company strikes it big, I assume the stock will become more liquid? I'm not investing(gambling) a big amount of money and it will be less than 1% of my portfolio.......just a gamble I think will pay off.
The bid/ask is pretty large......bid is .285 and ask is .34.......last sold is .30.
Chris Farley Maryland Fan Regulating Member since Sep 2009 3077 posts Online
re: Information on low volume pink sheet stocks.... (Posted on 1/15/13 at 5:35 am to TJG210)
Between the bid/ask premium and commissions you are going to need the stock to go up at least 30% just to break even. You realize that right? Just go to the casino, you'll get better odds.
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