Can someone help me out re: OTC Markets...Please | TigerDroppings.com
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lighter345
New Orleans Pelicans Fan
Member since Jan 2009
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Can someone help me out re: OTC Markets...Please

So I am thinking about investing in this company Tencent Holdings Ltd: TCTZF but it also has the symbol

TCHEY


I am confused on what the difference is or if there is a difference? They both have profiles that link them to the same company, same address etc, but their stock prices are a a little different.


I guess in regards to OTC there is risk in investing in the market because they don't have to report to the SEC?

I tried doing some research by myself online and understand the OTC market and pink sheets better now, but don't undertand how there are two companies like this.

Thanks

This post was edited on 7/16 at 2:11 am



I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
33944 posts

re: Can someone help me out re: OTC Markets...Please
Getting ready for work so very little time here...

Run. Don't even think about "investing" in one of these.


Learned the hard way in college. Just leave that foolish idea alone.

If you want some risk, trade some options.


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The Connoisseur
USA Fan
New Orleans
Member since Jan 2011
887 posts

re: Can someone help me out re: OTC Markets...Please
quote:

Run. Don't even think about "investing" in one of these.

Yeah heard similar things myself. Better things out there to invest in IMO.


lighter345
New Orleans Pelicans Fan
Member since Jan 2009
10804 posts
Online

re: Can someone help me out re: OTC Markets...Please
Really? Who told you that.

And to Bama- When you say run, is it because these companies typically fail? I mean this company has $4bil in cash and $12bil in assets, it's not some mom and pop shop. Just trying to understand.


I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
33944 posts

re: Can someone help me out re: OTC Markets...Please
An otc with 4 billion in cash?

If this is true wait for some others to respond.


This post was edited on 7/16 at 8:50 am


lighter345
New Orleans Pelicans Fan
Member since Jan 2009
10804 posts
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re: Can someone help me out re: OTC Markets...Please
Well, how much can I trust the numbers on forbes and yahoo?


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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
3595 posts

re: Can someone help me out re: OTC Markets...Please
OTC stocks have larger spreads (lower volume). So OTC stocks typically have more liquidity risk.


lighter345
New Orleans Pelicans Fan
Member since Jan 2009
10804 posts
Online

re: Can someone help me out re: OTC Markets...Please
Gotcha, I still don't understand why there are two symbols for the same company...Can anyone answer that for me? Is that typical?

I just want to know which one to buy...Thanks


ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Can someone help me out re: OTC Markets...Please
I mean some companies have different setups for the same company like kinder morgan has

KMP
KMR
KMI

all have different pros and cons. I know nothing about the company you listed, but it's not that far fetched to have a company with multiple symbols.


RedStickBR
LSU Fan
Member since Sep 2009
10228 posts

re: Can someone help me out re: OTC Markets...Please
The "F" listing is likely for ordinary shares while the "Y" listing is for ADRs. F means foreign. Some very legitimate foreign companies list on the OTC in addition to their home markets and in this context, an OTC listing does not necessarily mean it's a penny stock scam. Nintendo, for example, has an ADR listing on the OTC.

LINK

You will likely find less liquidity, though.



GenesChin
Virginia Fan
The Promise Land
Member since Feb 2012
16589 posts

re: Can someone help me out re: OTC Markets...Please
I have a few shares of Vodacom stock from OTC but I don't see that as super risky as Vodafone runs it and is traded in the South African exchange.

I just like a 5-7% dividend that is already up a couple percent since I bought it


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lighter345
New Orleans Pelicans Fan
Member since Jan 2009
10804 posts
Online

re: Can someone help me out re: OTC Markets...Please
Ok thanks. I was not aware that holdings did this.


Thanks for the help everyone.
This post was edited on 7/16 at 9:22 pm


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lighter345
New Orleans Pelicans Fan
Member since Jan 2009
10804 posts
Online

re: Can someone help me out re: OTC Markets...Please
Ahh ok that makes sense.


Thanks for clearing that up.


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