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fung_derf

04/10/15 3:47 PM

#2280 RE: UHCougar #2277

You are very defensive. According to Investopedia they describe a penny stock as....

INVESTOPEDIA EXPLAINS 'Penny Stock'
The term itself is a misnomer because there is no generally accepted definition of a penny stock. Some consider it to be any stock that trades for pennies or those that trade for under $5, while others consider any stock trading off of the major market exchanges as a penny stock. However, confusion can occur as there are some very large companies, based on market capitalization, that trade below $5 per share, while there are many very small companies that trade for $5 or more.



Read more: http://www.investopedia.com/terms/p/pennystock.asp#ixzz3WwCDAUM5
Follow us: @Investopedia on Twitter



My definition dates back to when I first started investing and anything under $3 was considered a penny stock.
With all that said, I didn't say THIS was a penny stock. Go read my quote again.
And as to issues, I already stated my concerns.

captainccs

04/10/15 9:19 PM

#2291 RE: UHCougar #2277

A stock trading under $5 is called a penny stock.

http://en.wikipedia.org/wiki/Penny_stock