| Penny Stock |
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A
stock that typically sells for less than $1 a share, although it may
rise to as much as $10/share as a result of heavy promotion. All are
traded OTC, many of them in the local markets of Denver, Canadian
Venture Exchange, or Salt Lake City.
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Penny
stocks are highly speculative - high risk investments. Many brokerages
don't cover them simply because they are so difficult to track and
predict. Never devote more than 10-20% of your portfolio to penny
stocks. |
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Dictionary
