Quote from Subdude:
LMAO @ GSEs to start paying dividends. These guys are still on the hook for trillions of debt collectively, and many billions of those will be lost. First you say these stocks must be above $5 for funds to be able to buy them on a margin (this is total BS, btw). Now you're pushing the divident fairy tale. You are indeed smoking something, my friend!![]()
The common stock of FNM is purely a daytrading vehicle with no actual value behind it. Smoke and mirrors.
Any stock below 5 is not marginable and a stock can be delisted if it falls below 5. DO your homework. Its not about margin it goes deeper. You have just exposed yourself as a novice.
Penny Stock Notoriety - A "penny stock," according to SEC interpretation, is an equity trading for less than $5 a share that is not traded on the listed markets of the NYSE, AMEX, or NASDAQ. This perception of riskiness in sub-$5 dollar stocks outside the major exchanges has definitely influenced the perception off all sub-$5 stocks, even those highly liquid and more transparent exchange traded stocks.
Listen and learn. Perception is a thing to deal with when the SEC is sitting in front of you.