tommyvercetti55

@ilikebbstock Hi! I have a question. On thinkorswim Level 2 do you see all the market makers ID with OTC stocks? ex: ARCA, MICA, CSTI, ASCM, ect.. because It only shows me OTC OTHER for otc stocks, but I can see all MMID for listed stocks. Thanks!

ilikebbstock
ilikebbstock May 07, 18 4:25 PM

Weird I dont use TOS I use architect for now and see the MMs on level II

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tommyvercetti55

@ilikebbstock Hello! I noticed that sub-penny stocks are your niche and it's where you're most profitable, how did you stumble upon them, and are there any difference in trading to a non sub-penny stock? I am just asking because I could easily put $50 on a stock and easily make 300% tripling my investment. I find that quite impressive, thanks!

ilikebbstock
1
ilikebbstock Feb 15, 18 9:04 AM

hi Ive always been an otc trader for the most part. Yes there are differences, the best thing is the minimum amt of money needed to make good money, but there are downfalls, the biggest being dilution. Often an issue for penny stocks, so you have to do some DD to find out what types of dilution and how much there is before buying.

tommyvercetti55
tommyvercetti55 Feb 15, 18 9:04 PM

Thanks for your reply, I've got so many questions about them, but my main 2 are those, Is it even possible to short those stocks? You really need to be so sure before shorting them lol. And, what do you consider a small float? I usually find small float a company that only has 20 million or less in shares, but in the sub-penny world you can buy 20 million shares and it could be just a 5 thousand dollar position lol, do you consider 100 million to 500 million small float? Thanks again!

ilikebbstock
1
ilikebbstock Feb 16, 18 2:00 PM

low float is generally under 100M for me. Shorting penny stocks, well it is done, but probably not subpennies too expensive for margin.

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securitiesdealer123

@ilikebbstock Michael, what measures to you take to avoid getting caught in SEC halts for OTC Pinks? Thanks.

ilikebbstock
1
ilikebbstock Oct 09, 17 11:26 AM

its not easy I just got caught in one, avoid caveat emptor stocks if possible they are usually the ones that get halted but not always. go to otcmarkets.com for their otc status

securitiesdealer123
securitiesdealer123 Oct 09, 17 10:22 PM

Yeah you're stuck in STVA, I sold my position in HOMR a few days before, thankfully. Good luck.

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