Post by fastwalker on Jan 5, 2005 20:01:08 GMT -5
Pinksheets VS OTCBB some great facts !
Here are some interesting facts:
The Pink Sheets are not owned or operated by Nasdaq or the OTC – BB; they are owned by an independent firm. It is important to note that firms listing on the NQB are not required to disclose their financial statements to any regulatory body, and the SEC does not require firms listing their shares on the NQB to disclose their financial statements. The NQB is the only securities exchange in the United States that permits firms to trade their securities without disclosing their financial statements.
The OTC - BB operates as a dealer system. As a result, all securities being quoted on the OTC - BB must be sponsored by a participating Market Maker that registers the security with the NASD OTC Compliance Unit along with the required issuer information. Once approved by the Compliance Unit, the Market Maker will be notified that it has been registered in the security and may enter a quote and commence trading. Only Market Makers can apply to quote securities on this service. Issuers contact an authorized OTC - BB Market Maker for sponsorship of a security on the OTC - BB. The OTC - BB is different than the Nasdaq market and the other major United States exchanges in that it: does not impose minimum quantitative financial listing standards (i.e., a minimum net worth or market capitalization requirement); does not provide automated trade executions; does not maintain relationships with quoted issuers; and does not have the same obligations for its Market Makers. However, upon delisting from the Nasdaq or other national exchange, a security may move to the OTC – BB Exchange.
www.allstocks.com/pennystocks/OVER_THE_COUNTER_BULLETIN_BOAR/over_the_counter_bulletin_boar.html
Law of Penny Stocks:
While there may be short term fluctuations in a lot of penny stocks and the indexes, performance over longer timeframes has demonstrated on ongoing trend of price appreciation. (Price goes up)
Whatever the reason for its appeal and widespread popularity, no myth is more pervasive among amateur investors, encouraging them to load up on shares that have recently lost a large portion of their value. Professional traders and successful investors more often get involved with shares that are on their way up, even if they missed the first 10% or 30% of the rise. Rarely do they try and scoop up some 'bargain' that recently took a nose dive, because troubled stocks always have a way of going even lower.
Penny stocks investing is one of the best avenues the average person has of accumulating substantial wealth. And it really doesn't have to be very risky. True, usually higher risk investments mean higher potential rewards, but it is an imperfect ratio.
In fact, out of any two equities one will always be a superior investment once the risk/reward ratio is factored in. Some industries can suddenly become 'riskier' (ie-military technology if the government suddenly cuts back military spending) without a subsequent increase in the potential rewards.
www.pennymarkets.com/top10.shtml
Searching for companies that have Trading Halts:
www.nasdaqtrader.com/static/THSearch.stm
Here are some interesting facts:
The Pink Sheets are not owned or operated by Nasdaq or the OTC – BB; they are owned by an independent firm. It is important to note that firms listing on the NQB are not required to disclose their financial statements to any regulatory body, and the SEC does not require firms listing their shares on the NQB to disclose their financial statements. The NQB is the only securities exchange in the United States that permits firms to trade their securities without disclosing their financial statements.
The OTC - BB operates as a dealer system. As a result, all securities being quoted on the OTC - BB must be sponsored by a participating Market Maker that registers the security with the NASD OTC Compliance Unit along with the required issuer information. Once approved by the Compliance Unit, the Market Maker will be notified that it has been registered in the security and may enter a quote and commence trading. Only Market Makers can apply to quote securities on this service. Issuers contact an authorized OTC - BB Market Maker for sponsorship of a security on the OTC - BB. The OTC - BB is different than the Nasdaq market and the other major United States exchanges in that it: does not impose minimum quantitative financial listing standards (i.e., a minimum net worth or market capitalization requirement); does not provide automated trade executions; does not maintain relationships with quoted issuers; and does not have the same obligations for its Market Makers. However, upon delisting from the Nasdaq or other national exchange, a security may move to the OTC – BB Exchange.
www.allstocks.com/pennystocks/OVER_THE_COUNTER_BULLETIN_BOAR/over_the_counter_bulletin_boar.html
Law of Penny Stocks:
While there may be short term fluctuations in a lot of penny stocks and the indexes, performance over longer timeframes has demonstrated on ongoing trend of price appreciation. (Price goes up)
Whatever the reason for its appeal and widespread popularity, no myth is more pervasive among amateur investors, encouraging them to load up on shares that have recently lost a large portion of their value. Professional traders and successful investors more often get involved with shares that are on their way up, even if they missed the first 10% or 30% of the rise. Rarely do they try and scoop up some 'bargain' that recently took a nose dive, because troubled stocks always have a way of going even lower.
Penny stocks investing is one of the best avenues the average person has of accumulating substantial wealth. And it really doesn't have to be very risky. True, usually higher risk investments mean higher potential rewards, but it is an imperfect ratio.
In fact, out of any two equities one will always be a superior investment once the risk/reward ratio is factored in. Some industries can suddenly become 'riskier' (ie-military technology if the government suddenly cuts back military spending) without a subsequent increase in the potential rewards.
www.pennymarkets.com/top10.shtml
Searching for companies that have Trading Halts:
www.nasdaqtrader.com/static/THSearch.stm
