Ask ten people what they consider a penny stock to be and you may get ten different answers. Let’s eliminate all the confusion and define these type of very low priced stocks.
In this marketplace, microcaps are any stock with a market cap of $500 million or less and a share price of $10 or less. Penny stocks are simply any stock with a share price of less than $1. Subpennies are stocks that trade for less than 1 penny. It is not unusual to find stocks in this category that trade for tenths of a penny (that would look like .oo1) . In this case, $100 would buy 100,000 shares!
Quazimoto and the Penny Stock Marketplace do not rely on hype when producing a watchlist of worthy stocks. Price action and pattern recognition are the driving forces that produce high probability, profitable trades while reducing the downside risk.
Quazi is holding his cards close and picking entry and exit points with the current watch list. Stay tuned for any updates.
[…] Stocks By TrAdErJaY I recently asked Quazimoto to show me some of the steadiest, higher priced microcaps over the last few months. Some of the parameters included an average daily volume of over 1 million […]