InvestorsHub Logo
Followers 10
Posts 1727
Boards Moderated 0
Alias Born 04/13/2010

Re: None

Tuesday, 04/20/2010 11:45:57 AM

Tuesday, April 20, 2010 11:45:57 AM

Post# of 65657
Info from a "major" broker ask price.

I just called a broker for a firm I know and have been "schooled" on OTC stock and as another pointed out ARCA.

Unlike the fully listed NASDAQ shares above $1.00 the market makers in the OTC PINK do not have to show their hand. There may be many who have sell orders above .15 but they are not being posted. But as the float at this price gets snatched up, soon the price will have to move higher and as the BUY price hits above .148 the ASK will at last move to a more realistic value.

All the more reason to stay LONG and HOLD SFMI for the point it can be over $1.00.

IMO - LONG SFMI!

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.