Pussim, While I agree that Pink sheets are risk
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Posted On: 03/17/2018 6:46:16 PM
Pussim,
While I agree that Pink sheets are riskier, it doesn't mean you can't make money on them, and their are a lot of companies that have been on the Pink's and ultimately wound up on bigger exchanges, not all are total failures. I've lost money on Pinks, but I've also made money on Pinks. While I prefer investing in OTC and Nasdaq, if I see a Pink that's interesting to me, I will take a small position.
Back in December when I sold a small portion of my OWCP for a tax loss I did get into a few other cannabis based stocks, one of those was RSII which is now selling for roughly 4 times what I bought it for. I can't say how high it could go, but I think it does have far more to go, so I don't plan to sell any time soon. It just might be one that ends up on the OTC or higher.
The funny thing is most of these stocks don't go completely belly up, even if nothing is happening they become shells which can be purchased for less money than it costs to bring a new company public. Once the shells are purchased, a reverse split is normally next, and a lot more shares are issued, so those holding the original stock probably own no more than 20% of the new company. If that new company is successful, it's possible to do quite well even then.
I know of sub penny stocks that have sold sub penny for years. If by chance they hit on something, they, like OWCP, can move from sub penny to over a dollar in practically no time, and can fall back just as quickly. The point is timing, if your timing is good and your judgement is right, you can make money on stock from any exchange.
Gary
While I agree that Pink sheets are riskier, it doesn't mean you can't make money on them, and their are a lot of companies that have been on the Pink's and ultimately wound up on bigger exchanges, not all are total failures. I've lost money on Pinks, but I've also made money on Pinks. While I prefer investing in OTC and Nasdaq, if I see a Pink that's interesting to me, I will take a small position.
Back in December when I sold a small portion of my OWCP for a tax loss I did get into a few other cannabis based stocks, one of those was RSII which is now selling for roughly 4 times what I bought it for. I can't say how high it could go, but I think it does have far more to go, so I don't plan to sell any time soon. It just might be one that ends up on the OTC or higher.
The funny thing is most of these stocks don't go completely belly up, even if nothing is happening they become shells which can be purchased for less money than it costs to bring a new company public. Once the shells are purchased, a reverse split is normally next, and a lot more shares are issued, so those holding the original stock probably own no more than 20% of the new company. If that new company is successful, it's possible to do quite well even then.
I know of sub penny stocks that have sold sub penny for years. If by chance they hit on something, they, like OWCP, can move from sub penny to over a dollar in practically no time, and can fall back just as quickly. The point is timing, if your timing is good and your judgement is right, you can make money on stock from any exchange.
Gary
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