December 19, 2011

caterpillarcowboy replied to your link: At the time of this posting: Bank of America is a penny stock.

Says who? The low was $4.92?

Depending on the definition you use, a penny stock is anything that trades for under $5.00 per share.

To be fair though, there are other definitions besides that one.

  1. winenutnyc reblogged this from section9 and added:
    I thought it was a stock you wouldn’t buy for a penny.
  2. section9 posted this