Canadian pennystocks could be good investments. You may find them listed on the Toronto Venture Exchange, rather than the Toronto Stock Exchange. They may also be listed on the Pink Sheets.
PINK is a privately owned company located in New York City. It is not actually a stock exchange like the NYSE. It provides products for brokers and investors, including the ability to connect and negotiate electronically.
In order to list company shares on the Pink Sheets, very little information is required. This is the big difference between penny stocks traded over the counter and other stocks traded on the exchanges.
In order to list a company on the NYSE, a great deal of information is required including disclosure of periodic reports. The company must allow for a period assessment by the Public Company Accounting Oversight Board.
The companies must pay for these assessments. For multi-billion dollar corporations, the costs are not excessive. They can be excessive for smaller companies earning less than $100 million in revenue per year, which is why many of the smaller companies are listing on other exchanges or selling over-the-counter.
If you are just starting out in day trading or small-cap investing, you may be interested in which Canadian companies to watch right now. The internet is a good source of information concerning daytrading and other kinds of investing.
Blogs and forums can help by providing tips. Just don’t expect every tip to pay off. Watch out for anything that seems to be a promotion in disguise.
One blogger has been recommending the CA company Great Western Minerals Group, but even he has been disappointed in the performance so far.
As with any other kind of investing, you have to decide how much you can afford to lose, how long you are willing to hold a position and when it’s time to cut your losses.
You can get free reports with no obligation from several internet sources. There are plenty of brokers willing to sell you their secrets about how to find good pennystocks. The best advice is to take all of the free tips first. You might decide that investing in penny stocks is not the right choice for you.
There are many different kinds of investors. The pennystock-investor is one that enjoys excitement and is willing to take risks. He or she might have less to invest or simply be interested in a quick profit.
The small-cap market has always been considered volatile. It is becoming less so today for the reasons mentioned above. Good companies are choosing to go public in the OTC world in order to reduce their costs. From a business perspective, that makes sense.
If you are the right kind of investor, you will enjoy the world of penny stocks. If you’re lucky, you could make a lot of money.