2006-12-27 04:32:29 · 8 answers · asked by Barry S 2 in Business & Finance ➔ Investing
over the counter bulletin board. You purchased stock in a very thinly traded company. Sometimes small start up companies are listed on the OTCBB. Sometimes garbage companies are listed and unscrupulous brokers try to push as a bargain stock in the company that they already bought for pennies. It's called pump and dump and was the subject of a Soprano's episode.
2006-12-27 04:38:11 · answer #1 · answered by mattapan26 7 · 0⤊ 0⤋
Despite their volatility, trading penny stocks can be extremely lucrative. Here are three ways that you can profit from investing in penny stocks https://tr.im/Otzqc
The good news about penny stocks is that you can buy a good amount of shares without going broke. It’s thus easier to get a good stake in a company for less than you would pay for stock of a larger organization. To find a company that you feel confident investing in, make sure to do your research. Don’t just choose a company because you saw an article about it, or because your friend is investing in it.
2016-02-15 18:59:06 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/ed075
2015-01-25 00:52:47 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The OTC/BB is not an Exchange. It is a network of computers. otherwise, see answer above.
2006-12-27 05:47:53 · answer #4 · answered by Ubiquity 2 · 0⤊ 0⤋
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2016-12-18 19:55:15 · answer #5 · answered by Anonymous · 0⤊ 0⤋