w? Can the dealer keep you from selling at a profit even when what you see on the screen is a profit share price?
2007-03-15 02:31:21 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
yes. this is a risky business. Your stock broker / Dealer could care less if you make a profit or not. They are not the one who decides if your OTC stock sells or not. Remember for every sale to take place there has to be a buyer. OTC stock typically takes a long time to sell because there are not as many buyers. The commission on OTC stock is also different so you will many times see a partial sale of your stock. This is very typically and brokers do this ofter to maximize their commission. They only have to sell part of your stock to get the full commision they typically will sell it in pieces.
2007-03-15 02:37:55 · answer #1 · answered by Twigward 3 · 0⤊ 0⤋
Yes you can have trouble selling OTC stocks. No, there is no dealer that can keep you from selling. OTC stocks are thinly traded. When you want to sell, there very well may be no buyers who want to buy at that price.
2007-03-15 02:38:04 · answer #2 · answered by gosh137 6 · 0⤊ 0⤋
No the dealer can't but if it's not traded to heavliy you might not get your shares sold.
You have to imagine that you are there in person. One guy wants to buy 1,000 shares. You have your 100 to sell, but there are five other guys that are selling 10,000 shares. You are not that important... it's first come first served.
BTW, some buyers only buy in blocks. So if he wants to buy 10,000 shares and you are selling 100, he will buy from a guy that came in later selling 10,000 shares.
2007-03-15 02:36:59 · answer #3 · answered by Anonymous · 0⤊ 0⤋
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2016-12-19 05:55:30 · answer #4 · answered by ? 3 · 0⤊ 0⤋