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jkp34

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jkp34

Re: europtiger post# 5670

Friday, 02/20/2015 1:22:02 PM

Friday, February 20, 2015 1:22:02 PM

Post# of 26773
From the SEC's Penny Stock Rules page (http://www.sec.gov/answers/penny.htm):

"The term "penny stock" generally refers to a security issued by a very small company that trades at less than $5 per share."

That said, I find that many investors think of penny stocks as stocks under $1. This thought is supported by things like ScottTrade (my broker) charging a premium for trading OTC stocks that are under $1.
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