Anyone know of a website

[khilleme]

I was wondering if anyone knows of a websites that focuses on stocks under $10. I would like to make some investments.

[Slug]

I don't think many people here pick their "investments" based on stock price.

[ea1776]

There are many indicators that a particular stock may be "on sale".

Stock price alone is a useless indicator.

[Broken Arrow]

I don't know of any that focuses on it... but technically, any stock brokerage should be able to do it....

There are special accomodations and pricings that may be needed for those below $1, but I don't know anything further....

[disneysteve]

Why the focus on penny stocks? Keep in mind that these are mostly speculative in nature and should make up only a sliver of your portfolio, maybe 5% or so max. Also, penny stocks tend to have limited trading relative to the big boys so you may not always be able to quickly get out when you want to.

[JBinKC]

I don't know of any site unless it is promotional and that is a guaranteed way to lose money. I am not against looking for undiscovered stocks that are low priced as I had plenty of luck with them in the past but they take time to research on your own and are generally illiquid in their beginning stages and take patience. That really goes against you in a market that is in a contractive mode. i.e Banks aren't lending and the fewer dollars circulating around affects the stocks especially that are considered illiquid and speculative irregardless of perceived "value".

In a tough market liquidity should take precedence in your purchases unless you know of a very compelling catalyst for the stock to move higher.

[khilleme]

A little more information...

I guess that I should have give a little more information to my post. Yes, as adviced these stocks are only a sliver of my investment portfolio. My husband and I are in are late 20's and we are maxing out our 401Ks, we have maxed out our ROTH, and will no longer be able to contribute after this year, we have a brokerage account with several mutuals funds, stocks, and bonds, we fund a money market, and have a high interest savings account with an emergency fund of 6 months worth of expenses. We are trying each year to do a little on our house to increase the value, but I still like to gamble a little. Last year I did considerable research and found several stocks that were under $10 and gambled a few thousand on them and ending up tripling our money. Again I am not investing in stocks on a whim, I do research on their financials. However, it has been hard this year finding enough info on lowered valued stocks, but I feel like now is the time to buy. I am not just interested in "penny stocks" but I only have so much left over after all the savings above and can't afford buy stocks that are $100 dollars or more, I have to be more strategic and find stocks that are good companies that for some reason or another have been beaten up even though they are sound companies, and invest in them.

[Merch]

Usually any stock screener will allow you to put price as a paramater. Yahoo has one and you can get a list from there.

I also agree that you shouldn’t look at stock price only as an investment. You shouldn’t be concerned about odd lots either. Your determination should be based mostly on the company and where it’s going.

I would stay away from $5 stocks as the big boys usually don’t buy those. But $5 - $20 , there are a lot of good companies in there.

Good luck.

[disneysteve]

I guess that I should have give a little more information to my post. Yes, as adviced these stocks are only a sliver of my investment portfolio. My husband and I are in are late 20's and we are maxing out our 401Ks, we have maxed out our ROTH, and will no longer be able to contribute after this year, we have a brokerage account with several mutuals funds, stocks, and bonds, we fund a money market, and have a high interest savings account with an emergency fund of 6 months worth of expenses. We are trying each year to do a little on our house to increase the value, but I still like to gamble a little. Last year I did considerable research and found several stocks that were under $10 and gambled a few thousand on them and ending up tripling our money. Again I am not investing in stocks on a whim, I do research on their financials. However, it has been hard this year finding enough info on lowered valued stocks, but I feel like now is the time to buy. I am not just interested in "penny stocks" but I only have so much left over after all the savings above and can't afford buy stocks that are $100 dollars or more, I have to be more strategic and find stocks that are good companies that for some reason or another have been beaten up even though they are sound companies, and invest in them.

Sounds like a good solid plan to me. Good luck.