Chapter 4: Penny Stock Bidding Success - Two Prices?
Are you confused by the two prices that are listed? Penny stocks are commonly bid on using two price figures. There are generally two bid prices listed and two ask prices listed. This is called the inside, as well as the outside, bid and ask.
This is the range in which the stock can be bought or sold. In most cases, you will want to consider the outside bid and ask prices as well as the lower bid and the higher ask prices. These are the numbers you are looking for as they are generally the costs that you will find a public customer or beginner investor is likely to need.
That means that they do monitor the companies that are on their market as well as insure that they meet certain criteria before letting them change hands on the market.
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The question is; do you have what it takes to do that successfully each time?
Do you want to simply stop there? Thats because the stocks traded on this market are reported at least weekly in many local newspapers. Penny stocks are not traded on the stock market but they are still traded. The benefit here is that you do not have to contact your broker to learn about what is happening with your penny stocks. There are generally two bid prices listed and two ask prices listed.
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