Exactly correct. All the OTC are scams until they aren't. LOL It's funny how the same handful all over I-Hub begrudge those of us who like the OTC and trade it. NHMD needs real news. Here are my rules for trading the OTC over the 30+ years I have:
10 Commandments of Trading OTC Penny Stocks learned in my 30+ years of trading the OTC
1. Always do your own DD or check out the DD of others 2. Always check for filings, company info and share counts on https://www.otcmarkets.com 3. Only invest what you can afford to lose 4. Use Investors Hub as a tool. You will quickly learn which posters know what they are doing. Don't listen to all the I-Hub bashers noise. They are on every thread when a OTC stock is hot. 5. Don't load only one OTC basket. Spread your money around. 6. Always take profits, even in small pieces as commissions are very low trading penny stocks. Greed leads to pigs getting slaughtered. 7. Try to open OTC trading accounts in Roth IRAs. No taxes to pay on gains 8. Pick a good on line broker friendly to OTC trading like ETrade. 9. Average down on the better ones you hold if they dip 10.Don't fall in love with any penny stock and keep emotions out of trading
And a bonus one:
11.Be wary of OTC companies that out of the blue change direction with a PR and throw out keywords like marijuana, crypto, mining, gold, lithium, EV, AI and other hot industries buzz words. These require extra DD. Important to look at shares of these, outstanding and authorized, revenues, management and histories of reverse splits.
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