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every trade is a gamble here.
Weird..this is the space age and mankind is still searching for rocks and trading rocks like it's still the stone age. i mean destroying and entire hill and mountain to get gold. the mayans or south american wonder why gold was so much value. the mayans saw gold as like rocks. wasting billions and millions of people producing they yellow metal. or rock
fiat currency like the USD and EURO and gold probably the bigger scam than pinksheet was ever be.
it's like saying 80% of the market is a scam.
you can 1 billion in revenues and still go bankrupt from too much debt or no profit. mostly too much debt
who care these companies are in debt. the equity is worthless if they go bankrupt or insolvent.
myth. naked short positions are not reported at all ..why you think some brokers were fined 3 million dollars!!!!
there is no specialist in the NYSE anymore.
it can takes years or even decades to build a company and can be destroyed in a few days.
rome was not built in one day.
nobody has ever given nothing. everything i penny I made from this 'market' is from my own efforts.
you are trying to sell we lottery tickets that have expired and it's a losing ticket.? you think I stupid?
you have nothing to sell to me but worthless stocks. okay.
and you are trying to sell me worthless stocks or used underwear stocks?
People don't have to buy stocks.
why own a stock for what?
stocks are illiquid
less than 100 guys own shares out of 300 million americans. go figure that
that is freaking illiquid and investor apathy.
PRVT no sellers. buy on pullback
big pullback before next big up leg
market makers shaking retail holders
shaking the tree to buy all of float.
PRVT private media 300% gain if you get filled
No sellers..
big spread...coil fo big rally1
the market and this stock is a ponzi scheme..
99% of the stocks in this OTCBB or pinksheet market is a like
even nasdaq and NYSE is a lie...
well the charts do lie for these stocks.
these stocks are manipulated. the chart is manipulated.
only in pennystock fantasy land can you make 500% gains in a day and it's like it's normal.
that hogwash.
name one legitimate company that ipo on OTCBB or pinksheet that isn't a ADR or delisted from NYSE or nasdaq. many of the stocks were delisted from nasdaq under $1
reason for ipo is to get institutional investors not retail peons investing $1000. it cost $100,000 to list in the NYSE and nasdaq plus $1 million/year in legal fees. PER YEAR.
more like you and 5 other guys,,that is how illiquid individual stocks are.
you have spreads like
BID: .005
Ask : .01
50% spreads..those kind of spreads is flea market spreads.
otcbb or pinksheets was for the stock that used to be listed in the NYSE or nasdaq and trading here for investors to unload or exit.
you'll never seen real companies ipo on otcbb or pinksheets. for a reason.. there are no institutional investor that will invest 1 million in an OTCBB or pinksheet company..many of the pinksheet or OTCBB are ADR..not real shres.
guys like warrent buffet, or millionairs or billionaires don't even waste time here..it's waste of their time. too small and some hedge funds won't even touch it. embarrassing.
not tough skin..reality most of the people here houswives, high school kids, retire seniors..you have to understand they don't even read the financial statement of thes companies all they know is the ticker number and someone told them to buy. so they buy.
why would anyone give you cash for an expired lottery ticket that is worthless?
stocks are illiquid.
no market they sell to themselves.
company needs investors. these companies are totally speculation.
the cost is different too. it cost $40,000
but if the broker dealer sponsor it or get free shares it's way less or free.
the cost of going public just fills the pockets of the exchange, broker/dealers, it cost nothing to list it. especially if you are listing in the OTCBB and pinksheets..
different market different rules.
you speculating. instituionas don't speculate.
just look at the bottomline.
SEC and finra regulators shut down some prop daytrading firms cause they were making too much money or making wash trading or stuffing bids. in NYSE stock
them traders were making too much money off the market makers. who were mostly hedge funds or big time market makers.
they were shut down. making too much money of the market makers.
market manipulation in penny stocks is not illegal. unlike NYSE stocks or nasdaq.
these stocks are manipulated by insiders.
people think these stocks are regulated like NYSE stocks which they are not.
anyone with $10,000 can move a penny stock 50% easily. it's that illiquid. where as stocks like google to move even 10% you need like 1 billion in cash.
Market makers will have CHASE THE DRAGON!