Thread: Money Investing megathread extravaganza
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Old 12-14-2017, 09:36 AM   #1469
scho63 scho63 is offline
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Join Date: Feb 2009
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Quote:
Originally Posted by kepp View Post
So I'm wanting to play around with a low-price stock which is currently sitting at $0.75 ...but the ask price is almost $2. Is that just because its expected to go that high? Do they ever sell below their ask price?
This is the wild west scam of penny stocks. Market makers don't want to hold these so they have a very wide bid and asked to make tons of money.

You invest $2000 and it's instantly worth only $750.......no thanks!
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