"exotic investments class" BTW some people refer to any stock with price under $10 as a penny stock... lots of money to be made and lost in otc/pinks. no better feeling in the world then having 100,000 + shares run up cents in a day.. i guess running up dollars must be nice too.
I recently started looking @ them again...but hopefully from a more experienced point of view...i sent Baron a PM today asking for a channel on ET as there have been some good trade ideas by some better ET members. I suggested to Baron that one member that has expressed an interest in being a moderator be put in charge of that channel only and other restrictions to reduce the amount of promoters. while researching the subject for a broker to trade them with Zecco looks most promising. Currently looking for a way to filter the trash and arrive @ what could be a worthy trade / investment as I believe that in taking a position you should take the original money off the table as quickly as possible and hold the balance for possible appreciation.
Yeah I like your thought process there danet. Definitely a fan of taking off original investment and letting the rest go. Check out www.investorshub.com as its a good place to discuss pennies.
from my nickname... i do trade the OTC market and the truth is that alot of experience traders are missing out on alot of action lowtrades.com is my "penny stock/otc/pink sheets" broker because they have a fixed fee of 4.99 for unlimited shares... FAST fills IB share pricing isnt exactly penny stock friendly
Ever wonder why the biggest houses on the street dont have Institutional Prop OTC desks? Can you imagine GSCO have a penny desk?
Flu good point I had never considered it from that point of view. I would say there are sharks in all waters just different kinds. I have never taken an interest in otc or pinkies but I know guys that have done okay there. Good luck to you.