In the United States penny stocks refers to stocks of companies that sell for a dollar or less. So now you know why they're called penny stocks. In some places they are known as cent stocks too. Check out thepenny stock wikipedia link to learn more.
Why I brought this up here is that going by the route which Nokias stocks (NOK) have taken they might soon end up an yet another penny stock. If you check out the yahoo graph depicting Nokia share value over the years you'll find that they are selling at a tenth of the value that they were 3 years ago. In fact pretty soon we might find Timothy Sykes eyeing Nokia stocks to have a place in his stock picks. In fact I think I might have to check out his stock plans to keep ahead of the issue.
Why I brought this up here is that going by the route which Nokias stocks (NOK) have taken they might soon end up an yet another penny stock. If you check out the yahoo graph depicting Nokia share value over the years you'll find that they are selling at a tenth of the value that they were 3 years ago. In fact pretty soon we might find Timothy Sykes eyeing Nokia stocks to have a place in his stock picks. In fact I think I might have to check out his stock plans to keep ahead of the issue.
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