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0answers
43 views

Due Diligence - Company ticker (symbol) & Name & Halts, delays, suspensions?

a).How can one find out whether the company has ever changed the ticker (symbol)? Where can one see the ticker (symbol) changing history in relation to the shares of a particular company? b).How can ...
0
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0answers
36 views

Due Diligence - Reverse Stock Split?

Is there a way to know beforehand that the company is going to perform Reverse Stock Split? Does the company have to notify its shareholders about it in good time? P.S. That is ONLY related to the ...
0
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2answers
48 views

Due Diligence - Dilution?

How can one find out whether the company has performed dilution or not? Where can one see how many times in its history the company has performed dilution in its history? Is it possible to know ...
0
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0answers
36 views

Due Diligence - DTCC Eligible or Non-DTCC Eligible?

How can one find out whether the shares of a company are DTCC Eligible or Non-DTCC Eligible? Brokers charge high penalties and commissions for the deals with Non-DTCC Eligible shares! I would like to ...
3
votes
1answer
224 views

Do I have to sell worthless stock to claim a loss and clean up?

On February, 3 2000 I purchased shares in iVoice.com (IVOC). These shares sat in a "hobby" account which I rarely looked at until recently. I'm looking for guidance on how best to deal with the ...
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2answers
2k views

Shorting Obvious Pump and Dump Penny Stocks

Obviously there is a lot of risk involved, but I routinely see penny stocks (OTC) climb to unreasonably high levels of growth over very short periods of time (1-3 days), sometimes up to 9000% growth. ...
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5answers
10k views

If I have $1000 to invest in penny stocks online, should I diversify risk and invest in many of them or should I invest in just in one?

I have $1000 to invest. I use Scottrade to invest in penny stocks online, they charge $7 to buy a stock and another $7 to sell it ($14 in total). Given the high volatility of these stocks, what tactic ...
0
votes
1answer
144 views

Reasons behind a large price movement of a penny stock without any recent news releases?

Sometimes I see penny stocks on the Yahoo! Finance page move by about 100% in a single day. For example, this stock shows a 91% gain on 10-Jan-2014. By browsing the news reports, I cannot see ...
2
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1answer
679 views

What are NSCC illiquid charges?

What exactly are NSCC illiquid charges? NSCC says: Buy Side: Open net buy quantity represents the total unsettled share amount per stock at any given time during a 3-day settlement cycle. Open net ...
4
votes
1answer
296 views

How can OTC scams affect you?

I learned a hard lesson today, and fortunately it wasn't that bad. I invested a few thousand dollars in a penny stock carelessly (via ETRADE, with the intention of doing a short term trade, or a day ...
8
votes
4answers
1k views

How risky are penny stocks?

I've recently gotten into several discussions on penny stocks, and I intuitively know that they're far more risky than large cap companies with real assets, but is there any measure of how risky they ...
3
votes
2answers
292 views

Does a rescheduled conference call generally mean “something's wrong” with a company?

A small, speculative company in my portfolio made the grand press release that they were rescheduling their quarter end conference call for one day later (oh my!). The stock promptly lost nearly ...
3
votes
1answer
327 views

Does technical analysis work on penny stocks?

Does technical analysis work on penny stocks? If yes, and we're talking about stocks that trade under $3, is there a point at which it stops being effective? If yes, does technical analysis work the ...
5
votes
2answers
4k views

How does anyone make significant money on very low volume stocks?

After getting some answers to a related question, I thought I'd post a follow-up. It seems that if there is a low-volume stock, even with significant daily swings in stock price (e.g. 10-15%), one ...
4
votes
4answers
12k views

Consequences of buying/selling a large number of shares for a low volume stock?

Out of curiosity, I've casually followed some penny stocks that trade for under a dollar a share, and find occasional swings up of 10-15%. One naive interpretation of this fact is that if I bought ...