RRGI is suppose to air a new show in May called The Rookie Challenge on Spike TV. RRGI is at .12cents, is there any chance this stock could go to .40cents closer to air date?
2007-01-16 12:35:08 · 11 answers · asked by Anonymous in Business & Finance ➔ Investing
Pink Sheet, would be most of your penny stocks, they will have an extension on the end of them .pk. It means, basically, that the stock is highly volatile and more than likely prone to going bankrupt.
2007-01-16 12:38:55 · answer #1 · answered by ?? 2 · 0⤊ 0⤋
Neither pink sheet or OTC stocks are traded at a stock exchange. With OTC, the broker, whether intentionally or not still has some shares on their inventory and will trade over the counter directly with you, this differs from the usual brokering of a deal that they do who you and are one of the few times when they take a side in a trade. With pink sheets, they probably do not have any inventory nor would they want to however if they offer pink sheet trading then they know other brokers that have that stock in inventory. As with any trading that isn't on the exchanges, you can expect that the brokers will have a spread and indeed they may be willing to sell but not to buy as it's likely that the stock isn't one they are particularly interested in, regardless there is an inefficiency in these transactions which are nearly impossible to overcome. It's safe to assume that you can not make decent amount of change trading one of these stocks since there is little liquidity, the mechanism for trade ensures an overhead and the primary enticement for people to invest is naivety and greed. It would be much more difficult than you are imagining.
2016-05-23 22:33:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋
1
2016-12-24 06:05:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Stocks that are on the pink sheets are not listed on any of the major exchanges. That usually means they can't or won't meet the listing requirements.
Stocks that trade on the pink sheets tend to have low liquidity, and poor financial transparency. This makes them more risky than listed stocks.
2007-01-16 12:41:58 · answer #4 · answered by bookbyte 3 · 0⤊ 0⤋
It means it is on the Spammer's list of hot stock tip for starters. All publicly traded stocks have to send quarterly reports to the SEC, incuding the .ob (off board, also known as OTC, over the counter) stocks EXCEPT .PK stocks. When the guy gets too notorious to move toilet paper under one company name, he changes it and starts another. I have one stock I have been following for laughs for three years, the press releases are a hoot, and it STILL has one, count em (1) employee.
Remember, .OB still files, it just does not meet big board specifications for being listed. There is no regulation for Pink Sheet stocks.
Bet on 00 Green on the roulette table instead, the odds are better.
-Dio
2007-01-16 12:51:04 · answer #5 · answered by diogenese19348 6 · 1⤊ 0⤋
Technically, it si a stock that does not trade on an exchange or on the National Market System (Nasdaq). (They usually do not mee tthe listing requirements).
They are usually volatile and not very liquid.
The order ticket used to be on pink sheets. Generally, the pink sheets refer to what is known by the OTCBB (Over the counter bulletin board)
2007-01-16 12:41:23 · answer #6 · answered by Anonymous · 0⤊ 0⤋
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2016-02-16 10:47:06 · answer #7 · answered by ? 3 · 0⤊ 0⤋
Yes. (The chance is only 1%)
If you want to triple your money in just four months you really should stay away from penny stocks.
If you need a few stock picks I can help you for FREE.
You are taking too much risk with RRGI.
Top 4 Answerer.
2007-01-16 12:51:55 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Ehm..
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2014-09-22 09:23:30 · answer #9 · answered by Anonymous · 0⤊ 0⤋
There's a chance it will go to 400. My problem with this is that if I buy a small amount, the profit is not impressive. If I buy a lot, then the loss is impressive too.
2007-01-16 12:39:59 · answer #10 · answered by charlie at the lake 6 · 0⤊ 0⤋