Is the Golden Age of Sub Penny Stocks Over? OTC Markets New Regulations
Wow this is big news just released by the OTCBB markets and I love it! I know I say I trade “penny stocks” and people may think that what I do is a scam just because that word is involved. But the fact of the matter is that I only trade stocks listed on the major exchanges such as the Amex, Nasdaq, and NYSE. Real companies, real revenues, real speculation.
I more so trade small caps under $10 per share and sometimes, when specific conditions are met I’ll trade a below $1 stock. Like $HTM and $INVE today which were both just under $1 before today, and I love these stocks. Some of my biggest wins are off stock that are just below $1 per share and in a perfect Fous4 Pattern that I teach in my Fous4 Training Program.
Learn How I made $70,000 in 1 monthas a College Dropout with these 5 Secrets!
So today I’ll show you one of several of the FOUS4 patterns that I teach to my students and it turns out my biggest wins. It’s called the GOLD Pattern and I typically the profit target of a gold pattern is 50-200% return in a few days to a few weeks!
Here’s the Breakdown:
See this video on my $ISR and $MNGA alert just last week before they double and tripled once they just broke over $1 and I bought them under $1 just before they broke out and made their run.
See How I made my Record $15,000 in 1 day Here trading the FOUS4 strategy Fous4Live my daily HD Trading Broadcast
Then I ripped another $10,000 in 1 day here!
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Here is the article
(Reuters) – OTC Markets, the operator of three U.S. over-the-counter equity markets, is rolling out tighter reporting standards and eligibility requirements for its venture-stage market to crack down on stock scams and bolster transparency, the company said on Wednesday.
On May 1 for its OTCQB market, OTC Markets will introduce a new minimum one-cent bid price requirement and will require the company’s chief executive or chief financial officer to certify that its reporting obligations are current and that disclosures about shareholdings, officers and corporate profile are correct.
The bid requirement, in which stocks must have been quoted for at least 1 cent daily over a 30-day period or be dropped from the market, aims to ferret out companies that fall prey to dilutive stock fraud schemes and promotions, OTC Markets said.
OTC Markets also will charge a one-time $2,500 fee for new applicants and an annual $10,000 fee for companies trading on its markets.
Foreign companies that are listed on a qualified stock exchange and are current in their U.S. reporting obligations will be allowed to trade on OTCQB, OTC Markets’ middle-tier marketplace. In the past, they traded on the lowest “pink” tier.
Trading volume on OTC Markets was 20.1 billion shares on Tuesday, about three times that of all U.S. stock exchanges and other trading venues. But the value traded, $1.4 billion, paled in comparison with the $263.4 billion executed on the other exchanges and venues, data from BATS Global Markets showed. (Reporting by Herbert Lash)
Original Article HERE