Mars asked:
I mean I know it’s a pink sheet and over-the-counter stocks and most are penny stocks and/or poor credit stocks but i also see numerous great quality stocks. What are your thoughts on that? Any unique fees for buying OTC besides the commissions? Thanks.
March 18th, 2010 at 4:37 am
There should not be any special fees. 99% of OTC’s are not dangerous, they are just money-losers. They always attract 2 groups of people: beginners who like the idea of buying 100 shares of stock for $5; and the scammers who prey on beginners.
You mention that many are “good quality” but that is not true. They are only OTC because they have been “delisted” by the big boards… and that is definitely not a sign of good quality..
March 21st, 2010 at 4:27 am
i think idar is pretty solid. when market recovers, i am pretty sure it will come out of otcs.
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