Discussion in 'Trading' started by TheCaymanIsland, Mar 3, 2008.
anyone dabble with pennies?
"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.
What are some good brokers for such ?
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
Any other good resources for pennies ?
Ever wonder why the biggest houses on the street dont have Institutional Prop OTC desks? Can you imagine GSCO have a penny desk?
That's why it is interesting for us, small guys
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.
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