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If I were to buy 500 more shares of this stock

by Tobe
(Indiana)




I recently bought 1,000,000 shares of a subpenny stock priced at .0002. If I were to buy 500 more shares of this stock for $1.00, would this raise the price of the stock? What effect would this have on the price? Is this legal?




Comments for
If I were to buy 500 more shares of this stock

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Oct 05, 2010
 Stocks Simplified Writes
by: Shaun

If the 1,000,000 shares that you bought in the company didn’t do anything I doubt 500 more would.
Oct 07, 2010
 newbie
by: Anonymous

Its not the amount of shares. Its the price. If the stock is at $.0002 and I buy shares for $1.00. Will this raise the price at all? Is it possible for an individual to influence the price by paying more than the stock is selling for?
Oct 08, 2010
 Stocks Simplified Writes
by: Shaun

No you have to buy a lot of shares of stock to influence the price, and even if you are able to do that then you run into legal problems.

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