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Re: igotthemojo post# 56022

Tuesday, 04/02/2024 2:16:20 PM

Tuesday, April 02, 2024 2:16:20 PM

Post# of 57016
If the stock price stays above $5, small and large investors will jump in and buy more shares (with borrowed money).
The stock price will skyrocket.


Penny stocks, which are stocks that generally trade per share for under $5 are not allowed to be purchased on margin at a particular brokerage or financial institution. They must be fully funded by the investor's cash.

Many firms instruct portfolio managers to avoid low-priced stocks because the SEC applies special rules to stocks under $5.
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