Just wondering if ppl in this sub trade otc (over the counter) stocks and how its gone for them. I keep noticing that all the stocks mentioned here are on a major exchange and was wondering if anyone ventured outside of it.
Posted Aug 11, 2020, 1:57 AM UTC
Highest return by far but also the riskiest.
You can trade pink slips on E Trade.
I profited $75k off OTC stocks this way during the Canadian weed stock boom end of 2017 and then again in fall 2018. It was one hell of an emotional rollercoaster.
$CLIS AND SGMD
A lot of stocks on here are OTC. Personally I use schwab as it’s 0 commissions on them, but my best gainers have all been OTCs. Took TLSS from .023 to .26, BBRW from .0086 to .06 and CLIS from .08 to .24 and then got back in at .10. Also lost some money on otcs but as long as there’s good volume then getting in and out has been near instant. When volumes are low it can be hard to get in at your chosen price.
I've been looking into BBRW, they're sitting at .0041 currently, just trying to figure out if they have another run in them.
I would stay away personally. I had sold the majority of my position and was riding on free shares, believed in the company and all that but then they started diluting like crazy. Then they talked about a share buy back but still kept diluting. I haven’t followed it recently but I would encourage you to do some real thorough DD before hoping in.
Thanks, I'll have to take a look at the dilution over time. I haven't gotten too deep into DD on it yet so anything to look for on it helps. It would likely only be a 1/2-1/4 position riding off of profits from other stocks if I did put anything into it.
OTC is where you make the big returns. However, there are Big risks and 95% are just share selling dilution scams. But if you find the diamonds in the rough you can make some serious returns. There have been multiple 5,000% plus runners in the OTC this year. Amazing feeling when you get in on one and turn $1k into $20k, $30k, or $50k (done it a couple times before), but don’t expect that regularly. Twitter and ihub are great places to find some early before big runs. Keep in mind, there is a fair chance you can lose close to 100% of what you invest, so don’t be stupid with money you can’t afford to lose. Lastly, Very few are long holds (although they do exist, a couple out there right now that I’m in).
Yup, OZSC, DECN, currently swinging TOMZ
Check out GAXY
Damn, too bad I missed this one yesterday. Awesome run!
It's only 2 cents bro. I would say get in today and atleast hold for the next month or 2. I've been in and out the past week and just bought my hold position yesterday
2 cents ya, but up 200%. That to me looks scary because there could be a selloff and I could be stuck buying at the peak.
I have a few that I'm in currently, GAXY being the biggest in terms of initial investment and current value. Have been holding it for a month or two and bought it around .0033 in my IRA (full position) and .0029 in my HSA (half position). Until the past week it was going ok, since last Thursday it's gone swimmingly.
I'm around 100% on SEGN with a stop limit set, 40% gains in TTCM with no stop limit as it's a long term play that I'll add to on dips. I have a few others ranging between +10% and +40%, and three or four that are -10% to - 15% but are only 1/4-1/2 positions that I went into purely as speculation.
I started not long ago. I have been pretty successful so far. Turned 500 into 2400.
Well, I sure did venture outside of the major exchanges... so much so that I’m all the way into the pink sheets! It’s with a company called Sonic Foundry (SOFO) that was delisted from NASDAQ just a couple of years ago but now I expect it uplist back onto NASDAQ in the near future. No joke! It also continues to file very complete and detailed financials on Edgar. Seriously...check it out.
I’ve been trying to get the word out on this company since it’s an under-the-radar stay-at-home company that’s finally benefiting from what’s going on out there. Its a tech company that offers online learning / video management & streaming services for specifically colleges worldwide. I’ve posted a lot more about this company just during the past couple of weeks... and they report by the end of this week. And I think a number of unique corporate items/events at this company that I’ve been highlighting and touting will more likely than not...be brought to light in their financial report this week. And if so.. I’d expect there to be a lot of upside on this stock... and yes I own some. So we’ll see in a matter of days!
From Madison. Love some some Sonic Foundry! Great company.
Awesome! Yes, it does seem like a great company and with grand potential! And it sure is from good old Madison!
OPTI
Made 150% return in this one
ATDS IGEN RBII ZOM
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Just remember the price right now is what people wish they got in with opti. It's not about the charts. It's about the business model and what the company is doing. Its only about the charts when you day trading imo. But do what you feel is best homie. Gl
Plenty of us do, the reason you see mostly NASDAQ/NYSE penny stocks is because your average user here is a WeBull/Robinhood trader.
This is the way.
E*TRADE user in the house
TD here, I wish RH and WeBull had some OTCs, some of my winners would be flying with some of the YOLO styles.