Posts Tagged ‘stock advice; OTCBB’

Pink Sheets and OTCBB

By: ispeculatornew | Date posted: 12.29.2006 (12:00 am)

I am going to write my first commentary about the most speculative stocks of all: stocks that trade on the pink sheets and on the Over The Counter Bulletin Board (OTCBB). For the most part these stocks should be avoided and if you do invest in them you should realize that you are basically just gambling.

Let’s start with pink sheet stocks. The vast majority of stocks that trade on the pink sheets are scams. I don’t even know why people are allowed to buy them. Most companies on the pink sheets don’t report financials to the SEC and some even make up their financial numbers. The most egregious companies will have no business at all. (more…)