The description for this "Stocks" forum states: "Discuss specifc companies listed on the major exchanges. No penny stocks!" I'm teaching my 15-year-old son about investing on the stock markets. In one lesson plan, I wrote, "penny stocks, which have a share price under $2.00 (or under $5.00 or under $10.00, depending upon whichever "expert" is giving you the definition)." What's the definition of "penny stock" on Elite Trader?