Hunter Kowald
penny stocks trade either on the Pink Sheets, a forum of the National Bureau Citations
operated, or on the NASDAQ Small Cap Market. Pink Sheets, in short, offers and
prices are literally printed on pink paper sheet, to go and brokers.
The...
More
Hunter Kowald
penny stocks trade either on the Pink Sheets, a forum of the National Bureau Citations
operated, or on the NASDAQ Small Cap Market. Pink Sheets, in short, offers and
prices are literally printed on pink paper sheet, to go and brokers.
The companies behind these stocks are thinly capitalized and are often not required to
file reports with the SEC. They trade over the counter, and there is a limited amount of
information available to the public. That in itself is reason for concern. How many smart
investors want
to put their money into an investment with little or no information? Nevertheless, the
people invest in these shares.
One of the most interesting – and alarming – aspects of penny stock dealing is that
brokers are not always as a third party, but set prices and act as principals in the
transaction . Penny stocks usually not a single price, but a number of different prices at
which they can be bought or sold.
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