I am wanting to start buying high risk stocks with say $100-$200/ company. I have heard that you have to find a buyer for the stock before you can sell them? How true is this? If this is true, would it be safe to say that if a stock has a large trading volume (greater than 10,000,000), it may be easier to sell?
Also, what is the difference b/n OTCBB stock and pink sheet stocks?
2007-03-16 13:49:29 · 5 answers · asked by colleengamblelost 1 in Business & Finance ➔ Investing
I trade on the bulletin board all the time and never had a problem selling it always happens right away you don't have to find buyers. If you had to find a buyer the price would never go up or down.The OTC is a great place for high risk and Low price trading Just make sure you use limit orders. I know of one that I believe will not go down it most likly will go up it is a new stock and new stocks have a tendence of growing espcialy if no one knows about them yet but when people find out it sky rockets you may have to wait a couple months. check out AGGX I am not trying to make money off of you the money you put In is not even going to move the price at 58 cents a share I am not going to sell it for less than $3
2007-03-17 02:00:49 · answer #1 · answered by franksprung 3 · 0⤊ 0⤋
You can generally sell them during the hours in which the market is open. The question is what price will you get for them. There can be and often is a somewhat large spread between bid and ask. The bid price is what you can normally sell the stock for. This market is not quite like the NASDAQ and NYSE. You are normally selling to a dealer who makes a market in the stock. That is also true somewhat of the large exchanges, but here it may be just one dealer. And if there is no great demand for the stock, you will not get a real good price. I have in my entire life sold one bb stock. I did get the bid price for it.
2007-03-16 14:51:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I've made a nice profit on a couple of suggestions he's given and plan to start trading his ideas a lot more. I definitely recommend subscribing to https://tr.im/learnpennystock
Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had.
2016-01-17 14:48:44 · answer #3 · answered by Anonymous · 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/fb19f
2015-01-25 02:37:02 · answer #4 · answered by Anonymous · 0⤊ 0⤋
All you need is a buyer willing to pay what you ask. It's called "the free market system".
Your questions are very "green". You sound like a "new-be". That's "OK"........ but give serious consideration to taking 2 - 5 years to understand these markets before you jump in them. I limit my exposure to penny stocks to 3% of my entire invest-able assets.
Where does this stand in your "asset allocation"? Are you going to gamble instead of investing? If you don't know what you're doing it's called gambling. You might have better luck in Las Vegas.
2007-03-16 16:33:28 · answer #5 · answered by Common Sense 7 · 0⤊ 0⤋
Sure you can sell them - but to whom??? I wouldn't want them........
2007-03-16 13:53:38 · answer #6 · answered by Sven B 6 · 0⤊ 0⤋