Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

SI - Site Forums : Silicon Investor - Welcome New SI Members! -- Ignore unavailable to you. Want to Upgrade?

To: Lola who wrote (15163)	4/16/2001 6:41:52 AM
From: Teresa Lo	Respond to of 32873

"OTCBB and Canadian stocks" I guess I could write some stuff but there's "screwed" and then there is screwed, if you know what I mean... For example, if we trade on price action and volume alone, it doesn't matter what we trade, so long as the market is liquid. In Canada, all the major exchanges have been fully electronic for years (with the Canadian OTC market as the only exception, but perhaps even this "exchange" is now electronic) and therefore, the trading is transparent. The only way to get screwed is if someone believes all the B.S. and hype, which is quite low these days, due to over regulation of all the junior exchanges. The stock exchanges keep a tight hold over the stocks and their promoters. They can't get away with much anymore. As a result, over the past 4-5 years, almost all of the scam artists have gone to the U.S. OTC markets, where once the MM is well-greased, the promoters gain complete control over the market of shares in any OTCBB and pink sheet stock, since normal NASDAQ rules do not apply. Add this to the fact that OTCBB and Pink Sheets are not stock exchanges per se, meaning that they do not pass on the merits of the deal, you now have a field wide open for scams to take place. The easy way to avoid a trap is to avoid OTCBB and Pink Sheets altogether. No exceptions to the rule. No matter how good the hype. T.