Thinly traded stocks
Is anyone smart enough to trade thinly traded stocks? I’m not. I made what I beleive to be a mistake on ZAGG by guying it this morning. After buying it, I noticed how thinly traded it is and how I cannot get a read on what it might be doing or where it might be going. I guess I should be patient and just let this thinly traded stock go in a direction but I prefer companies who’s stock trading volume is much more significant that this one’s is. It’s also at such a low dollar price that the bid and ask prices are wider.
My biggest mistake was not researching the average daily traded share volume of this stock before I bought it. I think I might have thought twice about it. This is a lesson I need to learn.
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