posted
Yes, and potential to make a very nice profit quickly.
The question is not whether it is safe to invest into pinks, but rather whether you can spread out your investment in a few pinks that look promising.
Sure, there are scam pinks out there, and pinks that get run into the ground by shorting, etc. If you have no clue on risk management, then you should not be looking at pinks.
I have actually heard that you can do a lot better making a small profit over and over in less risky stocks, but I think it's more a matter of risk management regardless.
-------------------- May your trading build your character as well as your portfolio.
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posted
My point is that OTC's are risky as it is....due to low liquidity and tricky mm movements. And then we have people pumping Pink Sheets?
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posted
All stocks are POS. Remember Enron, Nortel, etc.
First, you can get L2 bid/ask with the proper tools.
Second, nowhere will you see a stock that can make 1000% or 2000% in a day.
Third, you can also see the same stock going down 99.9% the next day.
Fourth, many Pinks a fluid. Volume and transaction are good which makes them a good play.
I used to be a long time investor. After all the scandals that we've seen, I now daytrade and keep very few stocks for mid-term.
Like "The Art Of War", if you don't adapt to the ennemy, you will be destroy. In other words, if you don't adapt your trading strategy to the different stocks you play, you will loose all your money, Pinks or Nas.
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