what is the trading symbols for Bitcoin and Zynga?
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Question by myadore: what is the trading symbols for Bitcoin and Zynga?
I am looking to get into some penny stocks and I don’t know if Bitcoin or Zynga are penny stocks. I’d also like to find out if Canus Goat Milk products is a publicly traded stock. Why not invest in products I use, right? Any other advice on Penny Stocks is greatly appreciated as well.
Thanks!
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3 Responses to what is the trading symbols for Bitcoin and Zynga?
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Zynga is a private company along with canus goat milk products. Not sure what Bitcoin is (not listed on google finance)
Mitch
June 23, 2013 at 4:34 pm
Private companies that have not IPO’d yet like Bitcoin and Zynga are not traded on the public stock exchanges. There are shares but you have to find someone that owns some to buy from. Sometimes, if you’re lucky, your broker will have an inventory because of his clients and may be willing to trade over the counter with you. There are websites specializing in trading shares of private companies, sharespost.com comes to mind and they do have Zynga shares but sharespost requires members to have a net worth over $ 1 million not including the primary residence.
Of course common trash like penny stocks are just the inventory the brokerages would love to unload on you as penny stocks often get kicked off the public exchanges at some point in time leaving the brokerages with OTC as the only way to shed their inventory.
As to advice on penny stocks, stay away from them, they lack liquidity, the company’s often lack a decent business model, and it’s difficult to research the companies. People often perceive the low share prices as limiting their downside and being a low barrier to entry but in fact it represents a higher frictional cost in transactions.
Bitcoin and Zynga don’t have trading symbols yet as they are not traded on a public exchange.
John W
June 23, 2013 at 4:44 pm
Neither company has stock. NEVER invest unless you know what you’re doing…and it’s obvious you do not.
Common Sense
June 23, 2013 at 5:32 pm