Comments by "" (@ronjon7942) on "The Plain Bagel"
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@benjaminfranklin329 makes sense. So, to use your penny stock example, I bought a bunch at $00.50, the price went up to 5x to $2.50, but no one bought it. Then it went back to $00.50, and stayed there a day or so. Does that mean I can give it back to the exchange I originally bought it from, or am I stuck with it until an investor, broker, exchange, or whatev' chooses to buy it from me?
And then what happens when it goes to less than $00.01, or $00.00? I'm forever stuck with some shares that have no value?
I don't understand what it means when you wrote: "...you can't exit the position until the price...down." Does 'exit the position' refer to being able to give the shares, and get my money, back? Or does it mean I exit with a bunch of valueless stock certs? Or I'm overthinking it?
I'm one of those beginners ChatGPT was chatting about, when asked to review The Plain Bagel.
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