For a school project, we are doing a Stock simulation game, and I need help plz!!!?

Question

I am trying to buy 500 shares of a certain company, and the ticker symbol is ***.ISS I dont want ppl to know what the symbol is...and I can type in the ***.I but it wont let me finish typing the SS that still have to be added....what should I do???

Answer 1

You don't say which simulator you are using.

Why don't you want anyone to know the ticker symbol? It is part of the decision process and acting on it. Once you decide, and put your money on the line, the whole world knows.

If you think you might look silly, then you'll never decide. Otherwise, if someone else wants to buy it after you, more power to them; they'll run the price up for you. And if you don't tell us what it is, we can't help you.

I don't think what you're trying to trade is a stock. Here are the definitions of stock symbols:

- If this is a preferred stock, the letters "PR" and the letter denoting the class will typically be added. For example, a fictional preferred stock called Cory's Tequila Corporate Preferred T's would have a symbol such as CTC.PR.T.

- If the company has more than one type of stock currently trading, then it will have the class added to its suffix. For instance, Berkshire Hathaway comes in two forms: BRK.A and BRK.B.

- If a stock is trading on the Pink Sheets or the Over-the-Counter Bulletin Board, a "PK" or "OB" will be added to the stock symbol.

- On the Nasdaq, a fifth symbol is added to stocks that are delinquent in certain exchange requirements. For example, the letter "Q" will be added to the stock symbol of a company presently in bankruptcy proceedings.

Some Nasdaq-listed securities have four or five characters, and wondered why that is. If a fifth letter appears, it identifies the issue as other than a single issue of common stock or capital stock (see the list below). This fifth character often communicates a piece of information, and it can also mean something is wrong with the company. For example, if a "Q" has been added, this means a company is in bankruptcy proceedings, and "E" means the company is late in its SEC filings. Below is a complete list of fifth symbols on the Nasdaq and what they mean:

A - Class A
B - Class B
C - Issuer qualifications exceptions
D - New
E - Delinquent in required filings with the SEC
F - Foreign
G - First convertible bond
H - Second convertible bond
I - Third convertible bond
J - Voting
K - Nonvoting
L - Miscellaneous situations, such as depositary receipts, stubs, additional warrants and units
M - Fourth class of preferred shares
N - Third class preferred of preferred shares
O - Second class preferred of preferred shares
P - First class preferred of preferred shares
Q - Bankruptcy proceedings
R - Rights
S - Shares of beneficial interest
T - With warrants or with rights
U - Units
V – When issued and when distributed
W - Warrants
X - Mutual Fund
Y - ADR (American Depositary Receipt)
Z - Miscellaneous situations, such as depositary receipts, stubs, additional warrants and units

If your ticker symbol has had letters added to it such as .PK, .OB or .OTCBB, this means the stock has been de-listed and is no longer trading on the exchange on which you purchased it, but rather on the less liquid and more volatile over-the-counter market. More specifically, a .PK indicates that your stock is now trading on the pink sheets, while an .OB suffix or .OTCBB prefix represents the over-the-counter bulletin board. A stock that has been de-listed is like a baseball player who has been sent from the major leagues to the minor leagues. For some reason, the stock is no longer worthy of trading on a major exchange, such as the NYSE or Nasdaq, probably because it failed to maintain the exchange's