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| dallyn |
 Posted: Wed Apr 04, 2007 8:14 am Post subject: dot stocks |
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Investing Sr. Associate
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| what is the significance of the period in the middle of some stocks, and why can't they be traded on this sim? |
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| Im Not Warren Buffett |
| Posted: Wed Apr 04, 2007 8:40 am Post subject: |
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CFO
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The general rule was that "dot" stocks traded on the Pink Sheets or OTCBB changed symbols too much and were too much of an inconvenience.
Perhaps JRW will change this. |
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| dallyn |
| Posted: Wed Apr 04, 2007 9:18 am Post subject: |
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Investing Sr. Associate
Joined: 11 Mar 2007
Posts: 57
This Month: 0
20682.59 e$
Net worth: 29,504.53
Portfolio Value: 5,722.94
Monthly Return: -0.78%
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okay, they change frequently, I can understand the sim not wanting to mess with them.
in real life, is there a significance? You mention something about the pink sheets.. what is that? |
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| vetelmo |
| Posted: Wed Apr 04, 2007 9:20 am Post subject: |
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Moderator
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| dallyn wrote: |
in real life, is there a significance? You mention something about the pink sheets.. what is that? |
Mostly penny stocks, which many are "pump and dumps". |
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| dallyn |
| Posted: Thu Apr 05, 2007 3:01 am Post subject: |
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Investing Sr. Associate
Joined: 11 Mar 2007
Posts: 57
This Month: 0
20682.59 e$
Net worth: 29,504.53
Portfolio Value: 5,722.94
Monthly Return: -0.78%
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| so, they would be more like the dot.com stocks from a few years ago? |
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| vetelmo |
| Posted: Thu Apr 05, 2007 3:14 am Post subject: |
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Moderator
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| dallyn wrote: | | so, they would be more like the dot.com stocks from a few years ago? |
No, those stocks get regular symbols unless they are the ones with the dot in them.
Investopdia Says pink sheets are:
| Quote: | A daily publication compiled by the National Quotation Bureau with bid and ask prices of over-the-counter stocks, including the market makers who trade them. Unlike companies on a stock exchange, companies quoted on the pink sheets system do not need to meet minimum requirements or file with the SEC. Pink sheets also refers to OTC trading.
The pink sheets got their name because they were actually printed on pink paper. You can tell if a company trades on the pink sheets because the stock symbol will end in ".PK". | |
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| Dave Rathbun |
| Posted: Mon Apr 23, 2007 8:05 pm Post subject: |
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CFO
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| There are two main restrictions on the simulator today: you have to trade stuff $2 a share or higher (which eliminates most pink sheets / OTC stocks) and there cannot be a "dot" in the symbol (which also eliminates options trading, as the sim just isn't set up for that yet). You can, however, trade things like ^DJI which would let you trade shares of the Dow Jones Index. So there are other things that you can play with. |
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