Stock market volume?

Question

I have been playing around with penny stocks, my first ? is, there was a stock yesterday that was worth 2.5 cents and it went up 114% and the volume was only 1000 how if it had hardley any volume did it go up such a big %? My last question is, i bought 400,000 shares of a company for .003 cents they went up to .0035 but when I go to sell it for market price it only it will only give me .0025 for it. If it says it is worth .0035 thats what I should get out of it right?

Answer 1

You should check the price properly. There are some difference between bid and ask price. If the difference is too great, don't buy this stock.

Answer 2

Don't be silly and greedy, my friend. I am living in the international capital of scams of stock markets (shares and funds) and real estate transactions. Penny stocks had been totally wiped out in the Hong Kong stock exchange about five years ago for the reasons of fraud and didn't hold the actual valued assets.  Those penny stocks usually priced at say, 80 cents as newly started stock price, initially it was boosted up to $1.5 a share, but it ended up with off listed in the Hong Kong stock Exchange in five to six months. Why these allowed to trade in Hong Kong. Hong Kong government needs to pay the highest salaries for its civil servants in this world, for instance, Donald Tsang Yum-kuen, HK chief Executive is making $430, 000 HK per month in comparison to the former US president Bill Clinton, made 110 k HK dollars/month. Joseph Yam Chi-kong, Chief of Hong Kong Monetary Authority,  making 9 million HK dollars(more than 10 million HK in 2007) per year in comparison to Alan Greenspan, the best banker in this financial world made only equivalent to $1.38 million HK dollars. Where the money come from? Needless to say, the major Hong Kong government income is come from land sales at extra high price and gambling duty taxes. It is said that Hong Kong government has collected 900 billion HK dollars from stock market trading last year.

In your case, you should sell your shares as soon as possible. You should learn this time, the stock prices are being manipulated by the inside traders. Hong Kong is even more corrupted that rip you off totally and made the penny stock shares off the trading list. They can argue this as the share prices are flutuate every minute.

Answer 3

There is a difference between the bid and ask price. The price it costs and the price it sells for.

Penny stocks are nefarious.