Sarasota County Bar Association
Manatee Chamber of Comerce

Penny Stocks

Penny stocks used to refer to stocks that sold for under $1 per share. The definition of a penny stock now includes stocks that are trading under $5 per share. They are generally not traded on major exchanges.

Are Penny Stocks Good Investments?

Penny Stocks are a high risk investment. They are very volatile, so they have higher possibilities of both risk and reward.

Before you invest in penny stocks, you should have a stop loss order in place. This will determine where you will exit the market if you stock starts dipping too low.

Investors should take a realistic view of penny stocks. Don’t Expect to make a fortune overnight. It takes time to realize gains.

What Makes Penny Stocks Risky?

Often, there is not much information available on companies with penny stocks. They don’t have to meet requirements like stocks that are traded on the exchange do. Most companies offering penny stocks are either brand new or entering bankruptcy. They will have either bad history, or no history at all. Because they have a low level of liquidity, they might be hard to sell. All of these factors make penny stocks risky.

Client Reviews
"My experience with Brad has been incredible. He has represented me on several issues over the last two years. He is always available to meet or talk about your case. He seems to really care about his client and doing all he can to get the best out come possible. Also his staff is client orientated and very helpful. Brad is more then my attorney, he is my friend. Brad is not your typical lawyer, he really cares about his client not billing hours." David Cusano
"Brad has been by my side for over 3 years now representing my company. I can always count on him to have my companies best interest at heart." Kory Souza
"Brad Gucciardo was everything you could want in a very difficult situation - he delivered!" Wayne