Penny Stocks List

First of all, Pink Sheets is an electronic trading system. Pink Sheets, LLC set up Pink Sheets as a way of showing bid and ask quotations on securities with particular reference to over the counter (OTC) securities. The name, by the way, comes from the historic use of pink paper for trading securities. Brokers use and used pink paper for stocks sold over the counter rather than on the big exchanges. Even though these stocks are traded electronically, the process is still referred to as a pink sheets deal.
Pink paper deals are considered risky because the stocks are not registered or administered by the Securities and Exchange Commission. This means that the companies don’t have to submit annual reports and actually the companies are not required to even meet requirements for listing. A pink paper deal is a kind of “buyer beware” operation.
So a pink sheets list can be a list of any unknown stock but it can also be a list from Pink Sheets, LLC. To be a true pink sheets list, it has to come from a dealer who
1. has a prospectus specified by Section 10(a) of the Securities Act of 1933 (Securities Act) filed with the Commission and which has been in effect less than 90 calendar days,
2. must report under Exchange Act Sections 12(g)(2)(B) or (G), or pursuant to Exchange Act Sections 13 or 15 (d),
3. must be current in its filings with the SEC, and the broker/deal
4. has issuer’s latest form 10-K and all subsequent Form 10-Qs and Form 8-Ks; or
5. is exempt from Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act) pursuant to Rule 12g3-2(b), and the broker/dealer must have in its possession all the information furnished to the SEC during the issuer’s last fiscal year; and
6. has 16 items of information about the issuer.

And OTCBB list is an Over the Counter Bulletin Board list. To elaborate further, this OTCBB list is a quotation service obtainable from the National Association of Securities Dealers (NASD). It is a qualified service with real-time quotes as well as volume information and the last selling prices for OTC stocks. These are usually cheap stocks or microcap stocks that are not of the standard to be listed by the big exchanges like NASDAQ and NYSE. These cheap stocks are not only not listed on the big exchanges, they are not regulated by the Securities and Exchange Commission or for that matter, any of the trustworthy regulatory entities. This does not mean that they are necessarily bad investments. They just are too small to measure with the big-time tools.
The OTCBB list is a great compromise. It began in June 1990, as a pilot project that was part of market structure reforms aimed at providing transparency in the OTC equities market. The Penny Stock Reform Act of 1990 mandated the U.S. Securities and Exchange Commission (SEC) to find a way to meet the requirements of Section 17B of the Exchange Act. The OTCBB was able to enable the widespread publication of quotation and last-sale information on cheap stocks.
The OTCBB has access to more than 3,300 securities and electronically transmits real-time quote, price, and volume information in domestic securities, foreign securities and ADRs. This means that an OTCBB list is as good as it gets for dealing with and understanding what is happening in the OTC market. It is regulated, legitimate and authentic. If you want to play the penny stocks, one of the best place to begin is with the OTCBB list.

If you are into playing the penny stocks, the cheap stocks, why would you start looking at dollar stocks? The best way to answer this is to get a dollar stocks list. Get a bunch of free dollar stocks list online and check them out. This is for educational purposes so don’t worry about whether they are up-to-date or biased or any of these things at all. The whole point of this exercise is to figure out why you should even bother with dollar stocks. Here’s a hint. Dollar stocks are often poised on the brink of exploding upward exponentially.
People in the cheap stock business know that many cheap stocks are selected by not all are chosen. To clarify cheap stocks are those that are under $10 a share. Penny stocks are great to play with and frankly it is a lot easier to double your money with penny stocks and dollar stocks than it is with big ticket stocks. People in the know are also aware that tend to be junk stocks. This means that they are quite apt to fail.
Dollar stocks are a great place for pulse-taking. These are either stocks that are rising up from penny stocks or falling to the bottom of cheap stocks. You don’t want to catch them on their way down but you will be wise to hitch your wagon to their rising star. So if you get a dollar stocks list or a dozen of them and look for patterns across the lists, you can pull out half a dozen possible to focus on and research for their past which will indicate their future. It is also a wonderful way of learning how to recognize what is good and what is not. For instance, in your research, you will learn to avoid companies with a lot of debt and those who have a lot of red quarters.