what does .OB mean in the stock market?

[zayened]

if a stock goes from, say, ATOT to ATOT.OB?

 

[Talon]

OTC Bulletin Board equities

 

[b0mbrman]

Low price...can't get on the big markets

 

[Miramonti]

sometimes stocks get delisted from the nyse or nasdaq if they don't meet the requirements anymore. For example nasdaq stocks need to have a certain amount of assets including cash (i think, or its market cap), and if not their stock price can't be below $1 for more than 3 months or it will go on notice to be delisted. Many dotcoms got delisted because their stock price went too low and they had no revenues. Companies that file for bankruptcy get delisted and go to the BB.

 

[Russ]

AKA the pink sheets. Many companies start there - most fail, but occasionally one rises to be listed on a major exchange. Most pink sheet companies are extremely tiny and the IPO was self-underwritten. In addition, it is sometimes hard to buy the stock because they'll have a limited number of market makers.

OTOH, if you are willing to REALLY do the research, you can get lucky and find a spectacular winner from time to time. In the mid-80's, I bought 35,000 shares of a dinky company called Morgro chemical at a whopping three cents per share. Sold it 18 months later at a net (after commissions front and back) of about 90 cents a share.🙂

Russ, NCNE

 

[Russ]

PS: I've actually been watching a pink sheet company for a couple weeks now that I'm thinking about buying. Very interesting business that seems to have quite a bit of growth potential.

Russ, NCNE

 

[dude]

Yo Russ, give it out so all of us can buy it and make it go up! 🙂

 

[Russ]

dude,

These stocks are very very risky, and I have no way of knowing anybody's knowledge level or financial situation.

Russ, NCNE

 

[DaveSimmons]

<< Yo Russ, give it out so all of us can buy it and make it go up! 🙂 >>

Like Russ says, very risky-- if you don't know you're doing and can't afford to lose all of your investment you really should buy something safe and boring like a bank CD (ETradeBank is good) or an S&P500 index mutual fund.

 

[The Stigenator]

OTCBB = AVOID!

The reasons are this:
* They dont have to submit quarterly or annual performance results to the SEC (thought that is to change soon) hence they can claim what they want.
* They are penny stocks and hence has a lot of pump and dump schemes.
* They are not worth the time

I am still dealing with one Garrett Krause. The lawsuit is on and its going to be a while before I get my $20K+ payments from this guy. He couldnt produce so puts his company in the "grey" market and hence no body can trade or do anything. In the mean time I hear he is starting a new company. Oh he isnt going anywhere.. I will block that. Stay away from ETDN or was it call WCAP..

If you see Garrett K. Krause in that list .. avoid~!!!!

 

[markjrubin]

I could have bought 5k shares of NSCT.OB when it was trading at 10 cents a share. It went as high as 18 in the dot com rush. Instead, I bought computer stuff and paid off bills.


Mark

 

[DaveSimmons]

<< I could have bought 5k shares of NSCT.OB when it was trading at 10 cents a share. It went as high as 18 in the dot com rush. Instead, I bought computer stuff and paid off bills. >>

Or you could have bought Homegrocer, Webvan, Kozmo, etc. etc. etc. and had your 10 go down to 0.

Another good, 100% safe investment that earns 10-21% per year: pay off your credit card if you owe anything, and start only buying what you can afford to pay off that month.

 

[Superdoopercooper]

OB = "out of business". 😀 😀 While not true, it's often not far from the truth. For example, many stocks two years ago that were on the BIG board or the NAScrack are now on OB due to them falling out of meeting the requirements to be on said board.