>>> Matt, they confirm my Point...
"The Penny Stock Index was created due to the lack of an index out there that suitably tracks the OTCBB market. The OTCBB market does not always follow other popular stock market indicators. Because of this we wanted to create a simple indicator that penny stock investors can view see the sentiment of OTCBB investors (buying and selling trends). With the dynamically updating prices we believe this to be a valuable, much ignored tool, for penny stock investors"....
Based on my evaluation that only 10% of the companies listed on the OTC-BB are Bona Fide companies, with a reasonable chance of success, it ensues that the Ideal Index should contain about 10% of the Group, partly based on criteria described here:
..."The 25 companies included in the index were chosen from a cross section of various sectors and had to have an adequate daily trading volume, a legitimate business, etc. to make it into the index. Due to the ever changing OTCBB market we do intend to regularly review these companies and replace those that, due to extreme situations, have become poor indicators of the OTCBB market. This can happen if a trading halt has occurred, trading volume has dropped off too much, stock has been delisted, or any other such action has happened. The index will try to be as stable as possible in terms of changing companies"...
There is NO question that ANY stock Index presents an elitist view and the best of the Crop, so to be comparable to them, the OTC-BB Index should follow the same Rules, without any remorse...
First job is to determine how many companies are listed as OTC-BB's and I am getting numbers that vary between less than 4000 and more than 6000... Seems it's going to be an arduous task...
BTW, the PS in the previous post was SERIOUS!....
JMHO, F. Goelo + + +
