how to sell thinly traded pink sheet stocks??

Question

i own a stock that voluntarily delisted off the open market last year and is now a pink sheet, the brokerage firm i have the account with does allow for otcbb trades. only problem is - since this stock is not often traded- when i go to put in my sell order- it is not taken since there is no trading going on (no volume to base the order on). So i guess im just looking for advice on how to sell this stock, Maybe i should just check in everyday untill i see some action of other orders going through and hope for a buyer? Is there another way?

Mystery · Accepted Answer

Place a GTC (good till cancelled) order and forget about it until the stock sells.   That way you don't have to watch it each day.   (Hopefully, your broker offers GTC.)

If you just want to unload it, and aren't concerned about the price,  place a market order.    A limit order gives you a better chance at getting a sale.  But as you have noticed, it may take a while for someone to buy.

Anonymous · Answer

As far as I know, the only way to trade pink sheet shares is though a brokerage. How did you buy them/acquire them in the first place?

how to sell thinly traded pink sheet stocks??

2 Answers