Why does a company moves from an exchange like the NYSE to the pink sheets. Is it because it doesn’t meet trading volume requirements at the NYSE ? ie, specifically WAMU recently ?
Thanks
Is “future profitability potential” a specific requirement for listing on the NYSE or is it an assumed.
WAMU does trade on the pink sheets – albeit in very small volume. [...read more]
Tags: Mutual, Pink, Sheets, Washington
Sep 15
Posted by squeezeApenny in Penny Stocks | 2 Comments
I think you will be hard pressed to find a mutual fund manager that ONLY trades in penny stocks, I think your best bet is to look for a small cap fund which will likely have a number of penny stocks in it. If you are in Canada, I would look at Sprott – I like how they manage their smaller/mid cap portfolios. This has only been around since 2007 so their returns are dismal, but I have the faith.
SPR 010 – (A) : Sprott Small Cap Equity Fund
Keep in mind small caps are getting murdered lately and they will be going to the banks to look for capital and may fail miserably at it. So, keep your eye on penny stocks going bankrupt. [...read more]
Tags: Funds, Mutual, Penny, Specialize, Specific, Stocks., That, What
Aug 19
Posted by squeezeApenny in Penny Stocks | 2 Comments
I forgot that I own a mutual fund, that I opened up in May 07. I had a friend that told me he made a lot of money of this one penny stock, so I figured I would try. The stock (BDGR) Black Dragon Resource never did do anything. In fact, as of right now I have 220 shares. I think it currently sits at $0.002. According to my Brokerage Acct. I also have a mutual fund Columbia Cash Reserve Daily (NSHXX). The quantity of that is 3.630, and it closed at $1.000. My value on that is $3.63.
Ok, its apparent that I dont have a clue into what I am doing. I opened up the acct in spring 07. I was wondering if someone can help me out and steer me in a good direction with that mutual fund. I know the penny stock I own is worthless and will always be worthless. But could that mutual fund be to some greater good for me? So can someone please give me info or even advise.
Also, I keep hearing that buying stock like GM, F and Coke would be a good time to do so. Not saying I am, but I am looking to learn more about stocks a little more this time around. With the economy down,it just might be a good time to buy and invest while its cheap and nobody else is buying. Thanks a lot,
Ron [...read more]
Tags: Fund, Help, Might, Mutual, Need, Possibly, Someone, Tell, Understanding, What
Aug 18
Posted by squeezeApenny in Fantasy Stock Market | 6 Comments
I am very dedicated to the stock market. I have my own investment blog, I watch CNBC everyday, and I have my own penny.com/fantasy-stock-market/wall-street-survivor/”title=”Fantasy Stock Game” >fantasy mutual fund that I work on everyday. I guess you could say I am quite good at working with investments. That being said, my GPA isn’t the best. Is it possible for me to still work for a mutual fund, hedge fund, or brokerage house out of college? I am aware that it is very competitive out there. I plan to run my own mutual fund or hedge fund one day. Is there still hope for me?
Any input is appreciated [...read more]
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