posted
I have only been doing this for a short time and have been learning the hard way. Just found the boards about a week ago. Thanks to all for helping out and sharing your vast knowledge.
What is the real difference between OTCBB and Pink Sheet stocks?
Junky
posted
Pinksheet co.'s don't have to file reports to the SEC. OTCBB co.'s have to do it quarterly or they will get de-listed.
jimbo
posted
Thanks Junky, so which is a better and safer investment? I lost big (to me) with CYKY.PK but have made $ on OTCBB stock. My whole goal is to make enough money to start investing like you guys in these boards. Thanks again
Junky
posted
i am sure that Pinksheet stocks on the whole are riskier stocks, since all the stocks that were otcBB scams/failures eventually go to the Pinks, where they seem to trade on very low volume for years.
as far as which stocks are better, that would have to do with the individual stocks. i like to invest in stocks that i think have atleast an okay chance of making money one day. finding those kinds of stocks on either the otcbb or the Pinks, imo, is a challenge.
i will give u some advice. research AIPN on the Pinksheets. this stock is way cheap but, imo, they intentionally destroyed their share price with intentional mismanagement over the years. the co. intends to move off the Pinks, which should be the goal of any companies on the Pinks. they should have close to 5 million in the bank. (very good for a Pinksheet company). www.aipcorp.com this is the company's outdated website. i will call investor reltions now to see when they are going to update the information. (they don't really care about their share holders, i don't think.) read the recent press releases to get an idea what is going on with the company and for the IR guy's numbers.
Junky
posted
called IR guy, he says website could be updated as soon as Monday.
jimbo
posted
Thanks, I am in the process of doing research on them. On another subject if you don't mind. I keep hearing that I need to read the charts. Where is the best place to find out what all of that means. I know where to get them, but HOW to decipher them. HOW being the operative word. Thanks again Junky.
Jimbo
BigT1
posted
Multexinvestor or Reuters.com has a tutorial that is excellent. Also probably the best non pay site to do in depth anylasis of a company (fundimentally). You can sign up free but they do try to sell reports. Very excellent site though. Multex is slightly better but dont think you can sign up there anymore so have to use Reuters. Both sites run by Reuters.
smallcapcenter.com is great place to get technical imfo and overall technical score when starting out. Dont worry about becoming chart expert overnight. I mainly use charts to know when to get in a stock not if I want to buy it.
Machiavelli
posted
If you want to learn how to "decipher" charts... the best way is to learn through books.. it would be impossible for board members to explain it all on here.. books by Toni Turner are highly recommended... www.toniturner.com .. im currently reading her A Beginner's Guide to Short-Term Trading..it shows important chart features like Resistance/Support and goes mainly into Japanese Candlestick charting techniques like dark cloud,hammer, hangman,bull/bear engulfments,morning/evening stars,doji etc.. if they dont have her books on Allstocks for sale.. you can get used copies on amazon.com,half.com etc.. at bargain prices.. the other book im reading is How to Get Started in Electronic Daytrading by David S. Nassar... they sell Nassar's book here on allstocks.com last time i checked... anyways read one or both books and you will learn all the charting techniques you need to "decipher" them... if you dont like to read books you can try this site: www.stockcharts.com .. it has a "chart school" feature.. hope this helps...
[This message has been edited by Machiavelli (edited April 16, 2004).]
jimbo
posted
Man, I wish I would of seen these board 6 months ago when I started. You guys ROCK!!! Thanks very much.
posted