TMG too low liquidity, you are trappedLiquidity, Definition
Describes the level to which a security can be traded without significantly affecting price. A liquid security can undergo a high volume of trading without a signifcant change in price.
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Don't get stuck with a stock; consider its liquidity
www.bizjournals.com
Getting stuck with a stock that can't be sold is every investor's nightmare. So it's very surprising that so few investors consider a stock's liquidity — how quickly its shares can be sold — before buying.
Liquidity is affected by several factors. Chief among them are the stock's float (the number of shares available for trading), and its average daily trading volume.
"Most people focus on trading costs or on a stock's volatility," Robert Schwartz, professor of finance at the Zicklin School of Business at Baruch College, recently told Individual Investor magazine. "But investors should also think about how easy or difficult it is to sell shares at a reasonable cost."
How can you be sure that a stock you buy today can be quickly sold tomorrow? Well, you can't, according to Individual Investor. But with some specific guidelines in mind, the magazine believes it is still possible to evaluate a stock's liquidity risk.
Large-cap stocks typically are the most liquid, says the magazine. That's because they have a greater number of shares available, a high volume of daily trades, and demand from both individual and institutional investors. Small-cap and microcap stocks, in contrast, have comparatively few shares available for trading.
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Looks like TMG is a slow form of quicksand.