I have bought 500$ worth in shares and i need some information?

Question

ok they were 1 cent shares

it says on the offer section 2 cents and i bought them for 1 cent

if i bought them at 1 cent could i sell them at 2 cents with this offer option or would i have to wait for the buying price to increase to 2 cents

also has any of you got any attractive looking share floats to invest in ?

thank you chaps cherio :D

Answer 1

Penny stocks (those offered for less than $1) are that price for a reason.  Either the company is not well known, in bad financial trouble or is in poor shape and probably just barely hanging on....

Like any stock, it can go up or down.  You might make money and you might lose everything.

A few years ago Kmart was in bad financial trouble and their stock was selling for 15 cents a share.  They declared bankruptcy and invalidated all their stock giving the shareholders nothing.  Then they issued new stock and started making money again.

Answer 2

<<<if i bought them at 1 cent could i sell them at 2 cents with this offer option>>>

No

<<<would i have to wait for the buying price to increase to 2 cents>>>

Yes

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You can always put in a limit order to try to sell the stock at any price you choose. If it is less than the current bid quote the order will not usually be filled, but there is always a chance.