About Murray Cass Expertise I am eager to help investors find their way through the muddle of tech investing. I can answer questions concerning tech investing, financial reports, stocks, and options. Having worked in the computer industry for over 20 years I have a good general knowledge of computer technology. I have read over 100 investment books -- mostly the old ones. I spend my time doing investment research, attending annual shareholder meetings, and managing portfolios.
Experience Professional Engineer, MBA, over 20 years experience in computer industry, 9 years intensive investing experience.
Question Hello Murray -
I am just starting to learn about stocks and investing. I recently bought my first stocks. (They're doing OK so far!)
My question should be easy:
Why are there no stocks listed in the paper for under $1 ?
Where can I find stocks for under $1 ?
That's all I need, for now!
I would greatly appreciate any help you can provide.
Thank you and good luck to you.
Robert Hager
Answer Hi Robert,
Each stock exchange has its own listing requirements. The larger exchanges force companies to have their stock prices trading over $1. If they fall below the companies must do a reverse stock split or be delisted. The NYSE and Nasdaq are like that. The Nasdaq has level II and over the counter stocks but I don't follow them. In Canada there is the Canadian Exchange that has lots of penny stocks. They are mainly resource companies.
I'd like to know why you want to trade penny stocks. The important thing is how much you are investing NOT how many shares you own. Don't fall for the temptation of buying penny stocks in the hope that they will shoot up many times their price. It normally doesn't work that way. It's not a great idea to invest by stock price.
