Chapter 4: Penny Stock Bidding Success - Bid versus Asking
The first thing to know is the difference between what is called the bidding price and the asking price.
In the bid price, the rate is what someone out there is willing to pay for the security or stock. This is also the number at which you could sell your stock if you decided to.
The asking price, on the other hand, is the amount at which you are willing to sell your security for. In other words, this is the amount at which others would have to pay to get your stock.
Understanding the difference here is important. If you are looking to purchase a stock, you will need to provide an accurate bid for it. If you are looking to sell your stock, you need to know what you could get for it.
In other cases, the broker will have more or less power to make decisions.
Penny Stock Sites
Chapter 9: Warnings and Risks - Some Warnings 1.
Chapter 9: Warnings and Risks - Some Warnings 1. They may not even have defined goals or a solid business inventory as of yet. Remember, everyones life and their financial abilities are different than the next. The end result is that those that are holding the penny stocks can sell them back with no likely possibility of breaking even or they have nothing left. So, to sum up, here is what you need to do to determine just what your level of risk tolerance is.
|