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Is it risky to buy stocks that are under $3?-- Mark

Jim Cramer

: Most stocks that go under $3 have done so for some valid reason, whether it's financial problems at the company or general industry struggles. For example, under $3 you will find small biotech companies with no revenue, busted telco-equipment plays, and sketchy-sounding homeland security plays, which are not the most attractive stories by any stretch of the imagination. While you can occasionally find a gem under $3, one must tread very carefully because this is a dangerous universe. If you are looking for low-priced stocks, I recommend having a look at

TheStreet.com Stocks Under $10 newsletter.

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At the time of publication, Cramer had no position on any stocks mentioned.

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