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Message
Information on low volume pink sheet stocks....
Posted on 1/14/13 at 4:03 pm
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?
Have yall ever invested in something with such low volume? Is this common? Is there something wrong?
2
Posted on 1/14/13 at 4:41 pm to TJG210
quote:
Have yall ever invested in something with such low volume?
My house. That's about it.
quote:
Is there something wrong?
Yes. You need more than a hunch. Otherwise you are just gambling. If the volume is this low then you will likely pay a hellacious bid/ask premium.
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.
The bid/ask is pretty large......bid is .285 and ask is .34.......last sold is .30.
Posted on 1/14/13 at 7:29 pm to TJG210
With a stock this illiquid there's no telling what will happen.
Posted on 1/15/13 at 12:26 am to TJG210
quote:
I'm trying to buy 500 shares of stock that is listed on the pinks
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.
Posted on 1/15/13 at 7:05 am to TJG210
quote:
..just a gamble I think will pay off.
Could just buy lottery tickets instead, lol. It's your money, so do what you want, but it seems like a loser to me.
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