"A penny stock is any stock under $5.00 per share by the way."
a penny stock is a common stock that trades for less than five dollars a share AND are traded over the counter (OTC) through quotation services such as the OTC Bulletin Board or the Pink Sheets. how many times do i have to correct you drift?
I think you're referring to stocks that are under $1 and are trading in the regular markets, i.e. NYSE we refer to penny stocks , the ones that are trading on pink sheets and OTC BB