In the U.S. financial markets, an equity trading on the OTCBB or Pink Sheets or at a price below $5 can be considered a penny stock, regardless of exchange or market capitalization. The term is sometimes used generically or perjoratively of any stock with a share price below $5, however there are significant differences between stocks listed on major exchanges and those on the unregulated, penny stock exchanges, and penny stock prices can rise above $5 at times. The terms penny stocks, micro caps, small caps, and nano caps are also all sometimes used interchangeably, although market capitalization is not a good definition of whether an equity should be termed a penny stock. Penny stocks will generally have market caps under $500M and are considered to be extremely speculative stocks. LINK

Jim has the day off today so no Jimbob content today. A replay of the show from 10.4.05 here is the link to the week that was on our site. Enjoy the above information.