i'm familiar w the nov otc newsletter and have pos
Post# of 9122
its not just an ecn -anybody who has seen the variety of info on 10's of thousands of stocks knows that- just because its mostly electronic trading-telephone exchange gone now i think- in 2009 only 6 co's on such- just like the big boards does not mean its just an ecn anymore than big boards are just an ecn
its called the over the counter market-these are ridiculous attacks
i've had an open mind as i've researched it the last 5 years partially because nobody else would to counter shorters ploys - most penny players dont know much about the market which is why they dont discuss these things-when i 1st discussed these things in detail on this board leaders didnt know what a ce was
''if people dont discuss something it doesnt exist''- thats ridiculous -if that were true we'd be in the stone age-the dont discuss something if they dont know anything about it
my friend who got me into this to help him after getting a 40 fold return in his 1st 6 months without any dd whatsoever -he was smart and had had a very successful construction co before great recession but he was not a dd guy-thats typical of the penny market and why paid professional bashers working for co's mm's etc troll these boards manipulating longs- i usally end up doing the dance w them to expose their follies because other longs usually dont have the knowledge to respond-
he said almost all pennies were doubling then- but could make no headway and loss big after the market changed sept 2009 so i began researching the market and calling co's etc
DEFINITION of 'Over-The-Counter Market'
A decentralized market, without a central physical location, where market participants trade with one another through various communication modes such as the telephone, email and proprietary electronic trading systems. An over-the-counter (OTC) market and an exchange market are the two basic ways of organizing financial markets. In an OTC market, dealers act as market makers by quoting prices at which they will buy and sell a security or currency. A trade can be executed between two participants in an OTC market without others being aware of the price at which the transaction was effected. In general, OTC markets are therefore less transparent than exchanges and are also subject to fewer regulations.
INVESTOPEDIA EXPLAINS 'Over-The-Counter Market'
OTC markets are primarily used to trade bonds, currencies, derivatives and structured products. They can also be used to trade equities, such as the OTCQX, OTCQB and OTC Pink marketplaces (previously the OTC Bulletin Board and Pink Sheets) in the U.S. Broker-dealers that operate in the U.S. OTC markets are regulated by the Financial Industry Regulatory Authority (FINRA).