The party is over at Party City

[GoldDigger]

Your definition of penny stock is not written in stone:"

"What defines a penny stock?
The exact definition of a penny stock varies, but typically they include stocks trading for less than $5 per share all the way down to even fractions of a penny. But usually when people say penny stocks, they're talking about those that trade for less than a dollar."

It is not MY definition.

That is defined by the U.S. Securities and Exchange Commission (SEC).

 

[zdreg]

It is not MY definition.

That is defined by the U.S. Securities and Exchange Commission (SEC). quote

"Does the SEC regulate penny stocks?
In the past, penny stocks were considered any stocks that traded for less than one dollar per share. The U.S. Securities and Exchange Commission (SEC) has modified the definition to include all shares trading below five dollars.

(Penny Stock Exchange Exemption

This means the issuers of the penny stock are exempt from registration with the SEC due to the small scale of their business or operation. These issuers are typically small companies with low income and net assets."
The definition was changed tomake it easier for smaller companies to raise capital.)

In common speech, however penny stocks are still stocks that trade below 1 dollar.

 

[zdreg]

Provides retail merchandise for only special occasion. That should've been an easy short since IPO.

People throw parties year around but less because of covid.

 

[GotherL]

People throw parties year around but less because of covid.

I had that in my mind but even without covid seems like a doomed brick & mortar. Covid just fast tracked the inevitable.