Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

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12:59 PM EST

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To: snerd who wrote (4764)	1/16/1999 1:32:00 PM
From: Chris O'Keefe	Read Replies (3) of 56535

Snerd: OTC Stocks: I have a lot of experience with OTCs. The cool thing about OTCs is that a stock that goes from two-cents to a dime in a week is no different in performance than a NAS stock that goes from $20/share to $100/share in a week (and wouldn't that make news!). So good plays can be found and, overall, I'd say there's no need to avoid them in full. The downsides can be that, from what I read, instutional buying does not come into OTCs as a general rule. Also, volume can be light on some OTC stocks, regardless of the price going up. Finally, some of the spreads can be murder. One more final word of advice I'd like to offer: Unless you are super sure about the company, avoid OTCs that are not fully reporting (i.e., no 10Qs). The "hidden" surprises that may eventually come out of the closet are ones you might not like. Cheers, Chris

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