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  1. bluejay10
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    #1 02-01-2021, 01:56 PM
    Quote Originally Posted by skeeterator View Post
    Been following the action on HCMC all day, TDA has now stopped all buying and selling of that ticker. So many pissed off traders you can't count em all, what a mess, seems worse than the Robinhood bs last week. I'm sure lawsuits will happen soon, the stock is up over 100% today and those wanting to cash out simply can't. Smh
    Wow they stopped a stock trading at .0013??? Do they not know how many of those OTC stocks go up 100% in a day
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  2. Bassmaster96
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    #2 02-01-2021, 02:49 PM
    Quote Originally Posted by bluejay10 View Post
    Wow they stopped a stock trading at .0013??? Do they not know how many of those OTC stocks go up 100% in a day
    It's the pump that's going to get them. As much as I'd like to see the GME people start pushing OTC stocks, pumping there is going to get them in trouble and the stocks halted for a while. The whole thing is just a pump n dump basically with a short squeeze playing a role, right? They had better know what they could get into in the OTC....but, as long as you can flip in and out quickly before anything gets halted.....
    Last edited by Bassmaster96; 02-01-2021 at 02:57 PM.
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  3. bluejay10
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    #3 02-01-2021, 04:22 PM
    Quote Originally Posted by Bassmaster96 View Post
    It's the pump that's going to get them. As much as I'd like to see the GME people start pushing OTC stocks, pumping there is going to get them in trouble and the stocks halted for a while. The whole thing is just a pump n dump basically with a short squeeze playing a role, right? They had better know what they could get into in the OTC....but, as long as you can flip in and out quickly before anything gets halted.....

    I use to trade the OTC stocks like this in the past, almost every OTC ticker sub penny is a pump and dump and they never got halted by the brokers before. Now the OTCMarkets/SEC would step in and halt a ticker but I never had the issue of the broker saying yep this one is halted due to pump and dump
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  4. Bassmaster96
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    #4 02-01-2021, 10:07 PM
    Quote Originally Posted by bluejay10 View Post
    I use to trade the OTC stocks like this in the past, almost every OTC ticker sub penny is a pump and dump and they never got halted by the brokers before. Now the OTCMarkets/SEC would step in and halt a ticker but I never had the issue of the broker saying yep this one is halted due to pump and dump
    Yep, it's true, the broker doing it is a first for me too, when they allow it to be traded/have it on their platform.
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