In his book, "What Works on Wall Street", O'Shaughnessy mentions small cap stocks and offers strategies to use that out performs the markets. Does anyone know if he included Over the Counter (OTC) stocks in his analysis? Thanks, Granville
Doubt it. Generally OTC stocks are put together for about $300,000, sold for a few million at IPO to suckers and then serially diluted to other suckers. I suspect you can become very badly unstuck applying listed company strategies to OTC stcoks.
That's where I'm leaning too. The strategies outlined in his research are interesting and should I use them, I want to make sure I'm doing it right.