Biggest Misconception Concerning Penny Stocks And Low Single Digit Stocks

Biggest Misconception Concerning Penny Stocks And Low Single Digit Stocks

Now this  one always takes the cake with me I hear it again and again on TV its like a broken record. Theirs no large multinational companies that once traded around  5 dollars a share oh no' what about AMAZON thats a stock that traded at just 6 dollars a share today its trading at 375 dollars a share. Another great example is PETSMART. Oh yes im sure everyone has heard about PETSMART by now alright. But how many of them are aware that the shares of PETSMART traded a just 3 dollars a share in 2000. Today the shares of PETSMART trade at 83 dollars. And here is yet another example RITE AID stock traded at 28 cents a share today the shares are around 8 dollars.

Here are a couple more stocks  that traded below 5 dollars not to long ago  the shares of WESTERN REFING traded as low as 4 dollars just five years ago today WESTERN REFING shares are trading around 50 dollars.

LITHIA MOTORS  shares traded for just 3 Dollars a share today the shares are at 98 dollars.


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