Monday, March 09, 2009 4:44:14 AM
The term penny stock has evolved with the market. In the past, penny stocks were stocks that traded for less than a dollar per share. The SEC, however, modified the definition to include all shares trading below $5. (Investopedia)
You are correct in indicating that this market is ideal for chartists trading, as long as attention is paid to 'timing' to get the best results.
I do it.
I cannot understand why then you are so worried about 'shorts'
, as you say. if you trade, they help give the market the volatility traders love.
My post to which you refer was to address your question, or suggestion, to me. To be unhappy with my response is your privilege.
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