Mark, If you click on GCs name and read some of his recent posts over the last 2 weeks you get an excellent grasp of the difficulties of pink sheet trading.
There is no real bid/ask as exists on otc bb, otc, ect., stocks.
Some stock quoting services do not quote pink sheet stocks, so you need to go to specific places like freerealtime to follow a pink sheet stock.
Limit orders must be used since trading ranges are large. MMs can be buying at .25 and filling a market order at 1/2 or 5/8. Therefore, shareholders can really lose $ on pink sheet trading.
If you know how to do it and have a broker or method that can handle pink sheets I suppose it is just fine. A lot of us had to force our brokers into learning the pink sheet trading ropes when MINE defaulted to pink sheets from the otc bb. Many of us have limited orders in to buy at .375, .33, .25 or whatever, those orders have not filled as far I know. I know of a .48, and a .50 buy order that was filled.
I am not saying I do not recommend MINE, on the contrary, I think that GE will work out it's verification problems and we will go up from there.
I am saying that I would not START a NEW thread at this point in time, that is all.
Regards, Colleen in Orlando. |
