Lux Investing
Is it easy to liquidate penny stock money?
I am considering investing into penny shares, and I'd like to know if for example you bought 10,000 10p shares for £1,000 and they all sky rocketed to being worth £10 each and the lot ended up being worth £100,000, would you be able to liquidate the shares and get the money back easily? Please answer for 5 star best answer.
Public Comments
- When the shares are £10 each they are no longer penny shares and you can sell them without problems the same as any share
- Usually very difficult. You would sell to a stockbroker, who want to sell on. However with little known or bubble stocks the market is very limited and they would not buy in case they can't offload!
