Replies to post #14141 on Savvy Trades and Investments

[wadegarret]

R59- UVIH I believe was the ticker

However what you miss is, finding a stock like UVIH at $.10 or $.20 that turns into a $20 or $30 stock is a super rare event, and much time and effort can be spent looking, to no avail. Also very important to note, 95% of the dollar profits I made on UVE, where AFTER it was on a major exchange, and traded as UVE. I only played bulliten board micros for about a year and a half, before noticing they were rarely worth the effort vs small caps on a major exchange. As I said, UVIH was a super rare find at $.20, and I have not since(in the last 9 years) found one anywhere close, nor do I have any desire to look.

[dmmm]

well if we're going to talk about percentage gains, then a lotto ticket beats stocks any day. The question is can you make money off of it?

In my experience stocks on the OTC are mostly complete crap. The reason there are occasional big winners is because they all get a discount due to bad or dishonest management, among other things like liquidity. I'm with wade on this one -- I've had much more luck on the major exchanges. I had a list of like 10 OTC stocks that looked nice going into their ARs earlier this year and I think every one turned out to be a complete joke, the only possible explanation being that management is lying to shareholders. Only OTC I'm looking at right now is IEHC, which at least looks like a real company.

[Trent Blair]

"Some of the best opportunities are in un-followed illiquid stocks. And they develop liquidity over time as they gradually get discovered." Absolutely. Illiquid stocks are where the best opportunities are.