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Sunday, 08/21/2011 10:53:34 AM

Sunday, August 21, 2011 10:53:34 AM

Post# of 197
Farmboynate, it´s terrible what´s happened to you. I would like to help, and my first advice is that you should get rid of Zecco, which is becoming the worst and least reliable broker for subpennies. I have read about similar cases like yours involving Zecco! I totally agree that it is a criminal action and I wish we had the means to stop those brokers playing foul.

Like I said on other posts, according to what I have seen on many boards, I think this non-DTC issue is mainly linked to pink sheets, not to OTC stocks.

I use Sogo and I think that´s the best solution to trade subpennies. No, I am not pumping them to get some free trades, just telling you what I think. With Sogo you don´t have access to pink sheets, only to OTC stocks. But OTC stocks are more regulated than pinks,and less prone to non-DTC issues. Besides, Sogo PREVENTS you from buying them if there´s such an issue like the non-DTC thing. It happened to me with EVCA. You can see my post about it some days ago. I tried to buy EVCA, and the platform simply kept rejecting the order to BUY. Big difference than what happened to you.

During some months I basically traded OTC subpennies and I am now convinced that they are the safest play, safest than stocks above 1$, IF you play them well. For example, the market was a bloodbath for stocks above 1$ during the last market downtrend. But not for subpennies.

It´s not so difficult: you just need to choose specially those stocks between $0.0018 and 0.004, which are the most volatile. AND you need to buy them on support. YOu enter the trade with 1/3 of your total position, and when you are rather sure that the trade is going well, you can add the rest of the position. You need to select stocks with good average volume, like above 1M.

I have been doing it for 3 or 4 months with OTCBB stocks, and my weekly balances are always gaining. Even when the market was on a steep downtrend, I could keep my weekly gains thanks to these high volatility OTCBB plays. I have to admit that I wasn´t doing very well with stocks over 1$ ( which I sporadically still trade), but OTC trading following those rules has turned out to be much safer and easier.

GLTA!

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