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Penny stocks are common shares of small public companies that trade for less than five dollars per share. [1] The U.S. Securities and Exchange Commission (SEC) uses the term "Penny stock" to refer to a security, a financial instrument which represents a given financial value, issued by small public companies that trade at less than $5 per share.
Robert Emmet Brennan (born 1944) is an American businessman and former accountant who built the infamous penny stock brokerage firm, First Jersey Securities. The firm specialized in promoting penny stocks to unsuspecting investors, many of them elderly, who lost their entire investments when the stocks inevitably crashed.
His 1981 discovery of gold in Hemlo Valley, Ontario - the largest gold find ever in North America - is credited with saving the Vancouver Stock Exchange. He made a similarly huge discovery in British Columbia last year." [13] Pezim defended the penny stocks in mining companies that he promoted and sold on the VSE, saying: "Take 500 shares at 40 ...
A penny stock is technically any stock trading for below $5 per share, although some actually trade for pennies per share. Penny stocks are generally shunned by mainstream investors as there is...
A penny stock is a cheap stock, generally one that sells for less than five dollars and does not trade on a major exchange. Let’s talk about penny stocks, what they can offer you and what they ...
Penny stocks are among the market’s most dangerous stocks, so you may pay a much greater price than you first expect, including potentially losing all of your investment. ... the firms behind ...
While many Americans believe that the stock market is an effective way to build wealth, the keys to successful investing are starting early and thinking long-term. Getting rich quickly is possible,...
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