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Pink Sheets: Definition, Examples, & OTC Markets in 2020

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Have you heard of pink sheet stocks? Do you understand how they’re traded?

The pink sheets are a listing of over-the-counter (OTC) stocks that work differently than those featured on a stock exchange. Many traders get a bit uneasy around this topic … Why?

Pink-sheet securities tend to be associated with small, sketchy companies.

But with the right knowledge and diligence, there can be great trading opportunities with these risky stocks. More on that later on.

For now, know that I’ve made most of my wealth through trading penny stocks. For me, it’s been an amazing way to hone my trading and teaching techniques, while building a fortune over time.**

[**My results are NOT typical. I’ve spent years developing exceptional skills and knowledge. Always remember trading is risky. Never risk more than you can afford.]

This isn’t investing. It’s trading. There’s a big difference. With trading, you don’t have to wait for months or years to collect profits or realize losses. Trading in this niche can move FAST. So you gotta be prepared. Especially if you trade penny stocks and pink sheets…

So let’s look at pink sheets, OTC pink sheets listing requirements, and how to trade pink sheet stocks online.

What Are Pink Sheets?

What Are Pink Sheets?
© 2020 Millionaire Media, LLC

Pink Sheets are stocks that are traded over the counter — that’s why they’re often called OTC stocks. In other words, they aren’t traded on the major exchanges, like the NYSE or the Nasdaq.

And stocks on pink sheets aren’t subject to the same financial disclosure rules as larger stocks.

These stocks got their name from the pink paper the quotes used to be printed on. These days, they’re traded electronically on the OTC Markets.

These companies are usually penny stocks. They’re some of the smallest companies on the market.

See which stocks I’m watching — get my no-cost weekly stock watchlist here.

How Do Pink Sheets Work?

Every day, the OTC Markets Group distributes listings of smaller stocks — usually penny stocks. They’re thinly traded and not usually interesting to major traders and investors. Just like regular stocks, there’s a bid and ask price for each.

You can identify pink sheet stocks by the ‘PK’ ending on stock tickers.

With pink sheets, you can find companies whose stocks you might want to trade — long or short. Pull up their charts on a platform like StocksToTrade to start researching where those stock prices might be heading.

Pink Sheet Listings

Most companies listed on the pink sheets are small, sometimes sketchy companies. But that doesn’t mean you can’t trade them.

Yep, some of these companies are small and illiquid. So you gotta be careful. But just like stocks listed on the major exchanges, these companies can move on a catalyst — like a press release or earnings.

That can lure investors or traders to the stock. Again, be prepared. These plays can go fast and fade back to nothing.

But there are a few companies listed on the pink sheets that are legitimate companies…

Pink Sheets Examples

Let’s look at a few legit companies listed on the pink sheets:

  • Nestle (OTCPK: NSRGY)
  • LVMH Moet Hennessy Louis Vuitton (OTCPK: LVMHF)
  • Bayer Aktiengesellschaft (OTCPK: BAYRY)

These are companies with market caps in the billions. Bayer is a large pharmaceutical company with almost 100,000 employees.

It has real products and a real business structure. So why go public on the pink sheets? To simplify their exposure to the U.S. markets. These companies can provide one set of financials (by choice since it’s not a listing requirement) instead of providing another set that meets U.S. standards.

So, yeah, there are real companies. But there’s also a lot of sketchy companies. There are shell companies and others close to bankruptcy. It’s a buyer-beware market. This is why it’s so important to do your own research.

If you’re trading one of these stocks based on a press release … don’t overstay your welcome.

Pink Sheet Trading Time and Access

The OTC Markets and pink sheets trading is open from 6 a.m. to 5 p.m. Monday through Friday. But like the major exchanges, the majority of the trading is done during regular market hours of 9:30 a.m. to 4 p.m.

Premarket and after-hours trading will be illiquid, so your order may not get filled. I don’t recommend trading after hours.

How Are the Pink Sheets Different From a Stock Exchange?

How Are the Pink Sheets Different From a Stock Exchange?
© 2020 Millionaire Media, LLC

Pink sheet stocks aren’t regulated like stocks on the major stock exchanges. They’re not listed on those exchanges, either.

Some pink sheet stocks issue financial documents such as profit-and-loss reports and balance sheets, but they’re not required to do so. You won’t find them on the trading floor.

The OTC Market is not a stock exchange. It’s a quotation service. Orders are processed through market makers who input quotes and orders through secure computers.

Pink Sheets vs. OTCBB

Many people confuse pink sheets with the over-the-counter Bulletin Board (OTCBB). They’re two radically different organizations.

The OTCBB is an electronic quotation service. It also happens to list OTC stocks. It’s owned and operated by the Financial Industry Regulatory Authority (FINRA). It provides market information through its website. But the private company OTC Markets has pretty much taken over as the platform for OTC listings.

OTC stocks are listed as OTCBB, OTCQB, or OTCQX. Pink sheets are listed as OTCPK.

OTCBB companies still have to meet the requirements for listing on the OTC markets. This requires regular filings with the Security Exchange Commission (SEC).

Pink sheets have no listing requirements or disclosures with the SEC.

Why Companies Are Listed on the OTCBB

A company may be listed on the OTCBB for a number of reasons. It may be too small to list on the major exchanges. Or it may fail to meet a major exchange’s requirements and be delisted.

Or a company might list on the OTC Markets because it wants exposure to American markets without having to meet major exchange standards.

OTC Pink Sheets Listing Requirements

To list on the pink sheets, there’s only one requirement: that the company register Form 211 with the OTC Compliance Unit.

There’s no requirement to disclose financial information. Companies also aren’t required to keep a minimum price per share like the major exchanges.

Advantages and Disadvantages of Pink Sheets

Advantages and Disadvantages of Pink Sheets
© 2020 Millionaire Media, LLC

Let’s talk about penny stocks for a second…

Originally, penny stocks were called such because they traded at less than $1 per share. Today, largely because of inflation, they trade for $5 per share or less.

Some pink sheet stocks aren’t penny stocks. Most of them, however, trade at less than $20 per share. They’re often behind new, small, or at-risk companies. That’s where the risk for traders comes in.

But there can be some advantages.

For one, you can take larger positions on pink sheet stocks because they’re priced so low. Instead of buying 10 shares of a $100 stock, for instance, you could buy 1,000 shares of a $1 stock. And since price movements happen quickly, you can potentially take profits or losses much faster.

Even if a pink sheet stock moves by only a penny, great returns are still possible. Let’s take the above example. You bought 1,000 shares for $2, and you sell when the stock hits $2.02. That’s a 2 cent change.

You pocket $20 on the trade, minus fees with your broker.

That might not sound like much … But multiply those profits by hundreds of trades over months and years. See where I’m going?

Pink sheet stocks can allow you to trade new companies that are experiencing upward trends. Or you can trade a company that’s sunk super low but shows promise for an upward trend.

Don’t think it’s easy. There are risks, too.

supernova placement

Disadvantages of Pink Sheets

The high bid-ask spreads can make finding buyers or sellers more difficult. You may be convinced a company will break out shortly, but you may not find enough shares to buy.

Worse, if a stock moves opposite your trade thesis, you might not be able to find buyers. You can’t exit your position quickly. That can mean big losses. And rule #1 is always to cut losses quickly.

Analysts generally don’t cover these stocks. So it’s up to you to do your research and watch out for scams. And since pink sheet stocks don’t have to provide fundamental data, information can be limited.

The Pink Sheets Tier System

The Pink Sheets Tier System
© 2020 Millionaire Media, LLC

The OTC Markets provides a tier system for identifying a stock’s health and risk level.

Tier one is a stock identified with “Pink” in pink writing. These companies have provided current information such as financial statements and a disclosure statement with annual and quarterly reports. Sticking with tier-one stocks can be smarter for risk management.

Tier two is labeled by a ‘yield’ icon. There’s limited publicly available information on the company. Companies in this category have information that is no more than six months old.

Then you have the distressed tier — the dark or defunct tier. These are labeled with a ‘stop’ icon. It means the company isn’t willing or able to provide current information to regulators or the OTC Markets.

Finally, there’s the toxic tier. These are labeled by a skull and crossbones. OTC Markets won’t provide quotes for these companies as they represent high-risk stocks. They’re considered scams or have been promoted by unscrupulous industry ‘professionals.’

Should You Trade Pink Sheets?

Before you trade pink sheets you MUST consider your risk tolerance. Remember, these are some of the sketchiest companies in the market. Especially those that don’t provide any financial information.

Whether you trade pink sheets depends on your comfort level with the trade. If you see potential and the play lines up with your strategy, it might be worth the risk. But if there’s no volume in the stock, you could get stuck in your position.

Always play it safe and cut losses quickly if the trade goes against you.

How to Buy Pink Sheet Stocks

Pink sheets aren’t traded on sheets of paper like they used to be…

You can buy pink sheets online by placing an order through your broker. But keep in mind, you’ll have to have the right data package and broker to access the pink sheet market. (I trade with these brokers.)

But before you jump into buying or selling pink sheet stocks, consider the following…

Key Tips for Pink Sheets Trading

Key Tips for Pink Sheets Trading
© 2020 Millionaire Media, LLC

If you’re interested in pink sheets trading, you need to know how to manage your risks and how to spot potential breakouts and breakdowns. Let’s look at some of the most important factors to consider before buying or shorting pink sheet stocks…

Research the Pink Sheet Company You Want to Trade

A little research goes a long way, but a lot of research makes you a smart trader. It’s amazing what you can dig up about a company if you’re willing to look.

For example, let’s say you have your eye on a penny stock that trades on the pink sheets. It looks promising, but the company doesn’t make any disclosures.

Head to Google. Seriously. Type in the company’s name, then click on the ‘News’ tab at the top of the search engine.

You can learn a lot this way. Does another company want to acquire or merge with the company you’re interested in? Has the CEO recently been ousted?

Negative and positive news can tell you a lot about potential future price movements for a given stock.

watchlist banner

Analyze the Pink Stock Price

Pink stock prices can change fast in just a few hours. This isn’t always the case … But I like to look for lots of price movement.

So how do you do this? Study the charts. What has the stock price done over the last day, the last week, the last month? You need to know.

What’s the bid-ask spread? What’s the volume? Answer all these questions so you know what you’re getting into.

I have several indicators I check for every trade using in my Sykes Sliding Scale. You can learn how to use this tool to help plan trades by studying my “Trader Checklist Part Deux” guide.

Learn How to Find the Most Active Pink Sheets Stocks

To find trading opportunities, look for the most active stocks. I use this stock scanning software every day. When price movement ramps up, it could mean a trade opportunity.

Think about it. If a stock remains within a few cents of its stock price for days or weeks, there’s no reason to trade that stock. I like to take advantage of supernovas. I can take the meat of the move and move on to the next trade.

Analyze the Effects of Trading Halts and the Delisting Process

Trading halts and delistings occur for a variety of reasons. You can take advantage of halts in some circumstances, but you have to pay close attention.

A trading halt happens when the exchange, such as the pink sheets, temporarily halts all trading activity for a given stock. The company might have heard rumors about fake promotions, criminal activity, or something else.

Delisting happens when the pink sheets remove a company from its listings. The company might have gone out of business, gotten acquired, or violated rules.

You typically don’t have to worry about trading halts or delisting, but it’s helpful to consider what might happen if one of those events occurs in relation to the stock you’re trading.

Why Companies List on the Pink Sheets

Why Companies List on the Pink Sheets
© 2020 Millionaire Media, LLC

Companies list on the pink sheets for the same reason that larger companies list on the major exchanges. They want to raise capital for business expenses.

Being Delisted from a Major Exchange

If a company gets delisted from a major exchange, it might list with the pink sheets to continue raising capital. Maybe the company suffered a major hit and needs to rebuild.

When this happens, you need to pay careful attention. Why did the delisting occur? How has the stock been performing since it initially debuted on the pink sheets? You gotta do your research.

Are Pink Sheet Stocks Safe?

There’s no such thing as a safe investment or a safe trade. If there were, we’d all be instantly rich.

That doesn’t mean they’re all dangerous, though. If you’re willing to put in the effort, understand the pink sheets, and research individual stocks, you can trade safer.

Risk vs. Reward

Risk vs. Reward
© 2020 Millionaire Media, LLC

It’s always a matter of risk versus reward. Let me give you an example…

Say you see an infomercial for what a company calls the most amazing vacuum cleaner. You’re intrigued. The company isn’t offering a guarantee, but you really want this vacuum.

Let’s say that the vacuum cleaner costs $600, and the ad promises it can cut your cleaning time in half. That’s a risk-versus-reward situation.

The risk is that you buy the vacuum and it doesn’t work as expected. You might be able to sell it online — probably at a loss. And you’ll be thoroughly disappointed.

The reward happens if the vacuum arrives and performs exactly as promised. Your house is cleaner, you spend less time cleaning, and the cost becomes worth the product.

It’s the same way with the stock market. You’re taking a risk because you believe the potential reward outweighs it. But you gotta work your butt off for it.

How to Learn About the Stock Market

How to Learn About the Stock Market
© 2020 Millionaire Media, LLC

Ready to learn even more about trading and the stock market? I hope so.

Teaching trading is my passion in life — next to my charity Karmagawa and traveling. I’ve been trading for over 20 years and teaching for over 10 years. I want my students to learn to think for themselves and trade through any kind of market.

I want them to be self-sufficient traders. You can be one too.

Start your penny stock journey free right here on my blog or on my YouTube channel. Check out my penny stocks guide (also free) and download my autobiography “An American Hedge Fund.” Check out my Volatility Survival Guide.

Read and watch as much as you can every day. That’s one way you can become more comfortable with pink sheets, OTC stocks, and trading.

Learn With Me in the Trading Challenge

Ready to step it up a notch? Apply for the Trading Challenge to dive deep into trading penny stocks and immerse yourself in the process.

You’ll learn from me as well as from my top students like Tim Lento, Mark Croock, Tim Grittani, and Michael Goode. Not a student yet? Apply today.

Will you be my next millionaire student? Maybe. Maybe not. But you’ll never know unless you try.

Conclusion

Conclusion
© 2020 Millionaire Media, LLC

The biggest appeal that pink sheets carry for traders is their low price. These stocks are attractive to day traders looking for low-priced stocks that can make big, fast moves.

But a lot of pink sheet stocks lack transparency. They can also be very volatile and lack stringent regulation. But if you’re a trader who’s willing to do your own research and due diligence, these stocks can provide trading opportunities.

If you’re one of those traders and ready to commit to your trading education, apply for my Trading Challenge. It’s not easy, and not everyone who applies will be accepted. Are you up for it? Apply today!

What do you think about pink sheet stocks? Let me know in the comments … I love to hear from you!

The post Pink Sheets: Definition, Examples, & OTC Markets in 2020 appeared first on Timothy Sykes.



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Pumped Penny Stocks: Expect the Worst and Avoid Disappointment

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There are so many pumped penny stocks right now. And I love it!

Though recently I’ve come out pretty hard against these stocks that spiked big. Like MicroVision, Inc. (NASDAQ: MVIS) — it went from 25 cents up to $1.80.

AgEagle Aerial Systems, Inc. (NYSE: UAVS) spiked up from 60 cents to $5! And Remark Holdings, Inc. (NASDAQ: MARK) went from 37 cents to $2.60.

All these stocks are well off their highs now.

And these stocks all have something in common: they’re all crap. They crashed just like every other pumped penny stock I’ve ever seen.

Don’t get me wrong, there’s money to be made on all these — that’s why I love them. But are these the type of companies I’m willing to invest in for the long term? Nope, I won’t hold these for more than a few hours max.

But they’re great examples of…

Why I Love Penny Stocks!

© 2020 Millionaire Media, LLC

I’ve made over $5 million trading penny stocks over the past 20 years.** How? I trade by a set of rules. And I focus on trading smart, so I don’t get attached to any particular company or technology.

I’ve traded penny stock pumps for years. This market is no different.

On all these stocks, I went long. I bought UAVS in the $0.80s and sold for measly gains.

With MARK, I bought around 40 cents and sold around 42 cents … It just didn’t spike. On my MVIS trade, I bought in the $0.30s and sold in the $0.40s. It didn’t spike either.

I was on the right track with all of them but missed the giant runups. That’s OK.

The style that I trade — and teach — is to take small consistent profits. The big Wall Street traders love to hate on penny stocks. They say there’s not enough money to be made.

I disagree. I think there’s more than enough for traders like me or anyone with a small account.

Tim Grittani** started with a $1,500 account. He studied and worked his butt off to turn that into over $11 million. It’s more than enough.

Don’t let anyone tell you there isn’t money in penny stocks. But don’t let anyone convince you to invest in penny stocks long term either.

(**Results aren’t typical. Most traders lose money. Always do your due diligence and remember trading is risky … never risk more than you can afford.)

The key to this niche is to…

Understand Why Penny Stocks Move

Stock pumps can take place in a lot of different ways. Back in the day, it was mailers and phone calls. Now it’s mostly on social media.

The methods may be different, but the patterns and the end results are the same.

So pumps are now mostly people getting on Twitter and plugging these junk companies. They say how great these companies are … They’ll mention all these upcoming great deals with big companies.

The rumor of a deal can be a great catalyst. ‘Buy the rumor, sell the news’ can be a strong strategy, depending on the stock. But you have to understand the catalyst is only one piece of the puzzle.

And too often, the information is unreliable — especially if it’s coming from an email or social media post.

I trade these stocks, but I never hold for long. And I never believe any of the lies the pumpers are telling me.

And I use seven indicators when evaluating a trade. Check out my “Trader Checklist Part Deux” to learn what I check for before every single trade.

I say this all the time, but I’ll repeat it again. You have to…

Learn From the Past

© 2020 Millionaire Media, LLC

Penny stocks are super hot, ever since the coronavirus pandemic crashed the overall market. It’s a lot like the cannabis mania from a few years ago.

The vast majority of these penny stock pumps will come crashing back down to earth.

In 2018, pot stocks were surging. Everyone was saying pot would take over, and that all these companies would do amazing things.

But look at pot stocks now. They went nowhere — all the stocks crashed.

So, yeah, I love that these stocks are running. But don’t think it’s based on fundamentals.

I want you to understand right now that you have to be super careful with who you trust.

Here’s a video where I share some stories from people who learned the hard way. Learn from their mistakes. Never believe the stories about pumped penny stocks.

How Can You Find Pumped Penny Stocks?

I use the StocksToTrade social media search tool to look for stock pumps. It’s beautiful — I don’t have to look anywhere else. I used to have to comb through so many resources to find the next pump.

You can filter stocks by price, float, and volume. Always make sure there’s enough volume. I prefer to look for at least one million shares. It’s not an exact science. You may need to look at the dollar volume too, depending on the stock. That all feeds back in the Sykes Sliding Scale I cover in the “Trader Checklist Part Deux.”

All the stocks I mention in this post were trading millions of shares. Now, here’s a question I hear a lot…

(Quick disclaimer: I helped design, develop and have a financial interest in StocksToTrade.)

Should I Invest in Penny Stocks?

I’m going to refer you back to that weed stock article.

But here’s my short answer: learn to trade. Learn how to ride the momentum of these pumps like MVIS, MARK, and UAVS. And know when to get out.

I’m coming out against them now after they already surged five, seven, and 10 times. The pumpers say they’re up due the fundamentals. I’ve been pretty hardcore that they’re not up due to fundamentals.

watchlist banner

Now, I don’t know if these people pushing these stocks’ fundamentals are getting paid — I don’t care. I don’t know if they’re talking to each other and coordinating. Again, I don’t care.

All I care about is the price action. Pumped stocks can surge, but they’re also bound to crash. It doesn’t matter if their ‘revolutionary’ technology is a success.

In my 20+ years of experience, I’ve watched most penny stocks fail.

People ask me, “How can you be so sure?” Obviously, I can be wrong. I can be wrong on any trade.

That’s why I’m always prepared to be wrong. When any trade starts to go against me. I cut my losses — that’s rule #1 — and get out of the trade.

Never hold and hope. Always trade according to a strategy. Hope is not a strategy, and…

Don’t Believe the Hype

tim sykes in hawaii with laptop
© 2020 Millionaire Media, LLC

I go with the odds. And the odds are that these technologies and companies aren’t going anywhere. Odds are they won’t be the next superstar.

MVIS, UAVS, and MARK got tons of hype. Let’s check out what happened with these stocks.

There was a rumor that Microsoft Corporation (NASDAQ: MSFT) was buying MVIS out for $10 a share. But that never came to fruition.

UAVS was supposed to be working with Amazon.com, Inc. (NASDAQ: AMZN) on a big deal. Instead, the CEO resigned.

MARK delayed its quarterly filings. But everyone expected a press release with big news.

Maybe these companies have deals with big companies. Maybe they’re giving free samples to big companies.

The truth is, we don’t know.

The old adage on Wall Street is ‘buy the rumor, sell the news.’ That’s almost what happened here … but no real news ever came.

Which is why you should always…

Expect the Worst From Pumped Penny Stocks

I say expect the worst out of every company, and you’ll never be disappointed.

Yes, that’s a cynical approach. Not every company is trash. And you can miss out on some of the big runups.

But it’s impossible to tell the real from the fake — so I play it safe. And I assume that most of these companies are complete trash and will fail.

Never trust a pumped penny stock.

This mindset could potentially protect you from losing a big chunk of your account on a single trade. And along the way, you must take small profits, cut your losses quickly, and…

Learn From Your Mistakes

I heard horror stories from too many people, especially on UAVS. Some people held right into the conference call. Everyone was expecting a big announcement, something with AMZN.

Here’s the chart from that day:

UAVS stock chart
UAVS chart: 1-day, 1-minute candle, conference call — courtesy of StocksToTrade.com

The day started with a gap up. The price held near the high right up until the conference call at 11:00 a.m.

But the company didn’t announce any good news. Instead, the CEO resigned. Traders raced to sell and the stock went bust. After an hour-long halt from the SEC it finally reopened at $1.50, down from $3.75 before the call started.

If you were one of the bag holders, that’s OK. We all make mistakes.

I make mistakes all the time. But I keep my mistakes small. Small mistakes are OK. Cut your losses and move on to the next.

If you take a big loss, that’s OK. Learn from your experience. But never hold and hope. Again, hope is not a strategy. Is it sinking in yet?

How My Students Trade Penny Stock Pumps

When UAVS crashed after its debacle of a press conference, my students were cleaning up.

Don’t think this had anything to do with luck either. My students have studied these plays, and they knew what to expect.

Tim Gritanni reports making $80K, and Jack Kellogg reports $16K in profits.**

supernova placement

My top students are used to these companies failing. They’ve studied the past and know the drill. Never trust anyone and always expect the worst.

(**Students’ results aren’t typical. These students put in the time and dedication and have exceptional skills and knowledge. Most traders lose money. Always remember trading is risky … never risk more than you can afford.)

Trading Challenge

In a world full of fakers and liars, I’m the real deal. But don’t take my word for it. Check my record. I share my wins AND my losses too.

If someone won’t show you every trade, including their losses, can you really trust them?

But if you’re ready to take your trading to the next level…

If you’re ready to forget everything the news media and talking heads want you to believe about Wall Street … and make a serious change in your life and willing to make sacrifices to live the life you want … Apply now for my Trading Challenge.

Lately, in these insane penny stock markets, people are clamoring to get in … But not everyone is accepted. Do you have what it takes? Find out now.

The Wrap on Pumped Penny Stocks

In today’s world, you’re better off erring on the side of caution.

The big lesson I want you to learn here is to be overly cynical. It’s a smart lesson to learn…

… because if you don’t learn this lesson from me now, you’re likely to learn it the hard way in the future.

Pumped penny stocks are scams. There’s no free lunch. Ever. If you want to succeed in trading, you gotta put in the time and effort to learn the markets.

You can play these pumps, if you’re prepared. Start by studying my 6,300+ videos with a Pennystocking Silver subscription. Level up from there.

Most traders fail. What are you willing to do differently?

What do you think of pumped penny stocks? I want to hear from you about this! Leave a comment below.

The post Pumped Penny Stocks: Expect the Worst and Avoid Disappointment appeared first on Timothy Sykes.



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Significant Activist Hedge Fund Activity (Last 7 Days)

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These are the latest Schedule 13D forms filed by activist investors in the last 7 days. Activist investors are investors that make an investment with the intention of influencing management in some way. There is evidence that following activist investors into investments can generate excess returns. Schedule 13G forms, in contrast, are filed by significant investors with no intention of influencing management (such as Index funds).

There is always a lot of interest in insider trades, but what a lot of people probably don't realize is that hedge fund activity is probably more predictive of future returns than insider activity. The reason is that hedge funds (a) have large research budgets, and (b) have a choice where to put their money. In contract, insiders have no choice where to put their money, but only when to time their transactions.

New Filings

This table lists new 13D filings in the last week. A new filing does not necessarily indicate a new position, as investors frequently accumulate in advance before reaching the filing threshold.

Date Form Company Investor Shares Ownership Change
05‑29 13D ATAO / Altair International Corp. EROP Capital LLC 50,636,022 9.9%
05‑28 13D NCLH / Norwegian Cruise Line Holdings Ltd LC9 Skipper, L.P. 33,119,840 11.4%
05‑28 13D BBW / Build-A-Bear Workshop, Inc. Avram Glazer Irrevocable Exempt Trust 1,120,736 7.38%
05‑28 13D NVNT / Novint Technologies, Inc. Congregation Ahavas Tzdokah Vchesed Inc. 61,722,996 30.5%
05‑27 13D GFY / Western Asset Variable Rate Strategic Fund Inc. Bulldog Investors, LLC 309,915 %
05‑27 13D NTP / Nam Tai Property Inc. ISZO CAPITAL LP 3,812,450 9.8% 48.48
05‑27 13D PKKW / Parkway Acquisition Corp STILWELL JOSEPH 306,358 5.1%
05‑27 13D ZMTP / Zoom Telephonics Inc. Palm Management (us) Llc 5.1%
05‑27 13D GEOS / Geospace Technologies Corp Nierenberg Investment Management Company, Inc. 699,240 5.1% 0.00
05‑27 13D FPAC / Far Point Acquisition Corporation Silver Lake (offshore) Aiv Gp Iii, Ltd. 9,487,500 15.0%
05‑26 13D BHR / Braemar Hotels & Resorts Inc. Auto Services Company, Inc. 2,014,461 5.9%
05‑26 13D AGTX / Agentix Corp. Stevens Scott B 2,188,070 57.4%
05‑22 13D CCO / Clear Channel Outdoor Holdings, Inc. ARES MANAGEMENT LLC 27,461,773 5.9%
05‑22 13D ASFI / Asta Funding, Inc. RBF Capital, LLC 583,198 8.8% 0.00
05‑22 13D 078771300 / BELLEROPHON THERAPEUTICS INC Puissance Life Science Opportunities Fund Vi 1,207,173 13.1%

Amended Filings

This table lists amended filings in the last week, and is useful for monitoring changes in existing investments or when a fund closes a position. I have eliminated all filings with less than a 5% change in ownership.

Date Form Company Investor Shares Ownership Change
05‑29 13D/A WYY / WidePoint Corp. Nokomis Capital, L.L.C. 8,378,081 9.9% -19.51
05‑29 13D/A TESS / Tessco Technologies, Inc. Lakeview Investment Group & Trading Co LLC 697,324 8.2% 18.84
05‑28 13D/A TMBR / Timber Pharmaceuticals, Inc. TardiMed Sciences LLC 5,666,152 47.7%
05‑28 13D/A AVID / Avid Technology, Inc. Impactive Capital Lp 5,089,117 11.6%
05‑28 13D/A OXLCO / Oxford Lane Capital Corp. Karpus Management, Inc. 1,635,743 18.57% -9.81
05‑28 13D/A SENS / Senseonics Holdings, Inc. NEW ENTERPRISE ASSOCIATES 10 L P 26,009,686 11.9% -8.46
05‑27 13D/A BIF / Boulder Growth & Income Fund, Inc. ERNEST HOREJSI TRUST NO 1B 45,344,694 44.9% 179.58
05‑27 13D/A ETM / Entercom Communications Corp. FIELD JOSEPH M 17,694,496 12.8% 11.30
05‑27 13D/A OVID / Ovid Therapeutics Inc. Tls Advisors Llc 2,489,415 4.55% -26.61
05‑27 13D/A 00653Q102 / AdaptHealth Corp. BlueMountain Capital Management, LLC 3,647,353 8.0%
05‑27 13D/A ZMTP / Zoom Telephonics Inc. Hitchcock Jeremy P. 4,602,321 21.5% 20.79
05‑27 13D/A VXRT / Vaxart, Inc ARMISTICE CAPITAL, LLC 8,400,000 11.3% -19.29
05‑27 13D/A ALSK / Alaska Communications Systems Group, Inc. AEGIS FINANCIAL CORP 2,433,941 4.54% -21.86
05‑27 13D/A AGYS / Agilysys, Inc. MAK CAPITAL ONE LLC 4,133,991 16.3% 59.80
05‑26 13D/A TPTX / Turning Point Therapeutics, Inc. GLAXOSMITHKLINE PLC 2,268,660 5.5% -17.91
05‑26 13D/A HLI / Houlihan Lokey, Inc. HL VOTING TRUST 18,524,533 27.09% -7.73
05‑26 13D/A CLCN / Creative Learning Corp. Furlow Blake 2,301,239 17.5%
05‑26 13D/A LVGO / Livongo Health, Inc. Gc Venture Lh, Llc 20,499,185 20.96% -16.16
05‑26 13D/A EVFM / Evofem Biosciences, Inc. Pdl Biopharma, Inc. 3,333,334 6.3% -81.14
05‑26 13D/A SCPH / scPharmaceuticals Inc. ORBIMED ADVISORS LLC 4,797,148 17.9% 9.82
05‑26 13D/A SOY / SunOpta Inc Engaged Capital LLC 15,731,907 16.5% 5.77
05‑26 13D/A CWBC / Community West Bancshares PEEPLES WILLIAM R 811,298 9.6%
05‑26 13D/A PALT / Paltalk, Inc. Lerner Clifford 682,139 9.9%
05‑26 13D/A AGTX / Agentix Corp. Winterhalter Michael 150,000 5.8%
05‑26 13D/A NVNT / Novint Technologies, Inc. Christoff Ryan 11,142,857 5.5%
05‑26 13D/A KRTX / Karuna Therapeutics, Inc. Puretech Health Llc 4,739,897 18.1% -11.27
05‑23 13D/A FND / Floor & Decor Holdings, Inc. Ares Corporate Opportunities Fund Iii Lp 8,724,262 8.5% -34.11
05‑23 13D/A FND / Floor & Decor Holdings, Inc. Fs Equity Partners Vi, L.p. 8,724,262 8.5% -34.11
05‑22 13D/A GPX / GP Strategies Corp. Cove Street Capital, LLC 2,681,735 15.62% 10.08
05‑22 13D/A ALLK / Allakos Inc. Rivervest Venture Fund Iii, L.p. 5,791,572 11.9% -33.15
05‑22 13D/A H / Hyatt Hotels Corp. 1922 Trust Co LTA 4,130,521 4.1%
05‑22 13D/A ARCT / Arcturus Therapeutics Ltd. Ultragenyx Pharmaceutical Inc. 3,000,000 14.6%
05‑22 13D/A ELST / Electronic Systems Technology, Inc. EDCO PARTNERS LLLP 1,678,500 33.9% 25.56
05‑22 13D/A TPTX / Turning Point Therapeutics, Inc. ORBIMED ADVISORS LLC 2,027,550 4.9% -24.62
05‑22 13D/A ASND / Ascendis Pharma AS ORBIMED ADVISORS LLC 2,083,713 4.3% -17.31
05‑22 13D/A ALRM / Alarm.com Holdings, Inc. TCV VII LP 547,170 1.1% -91.27
05‑22 13D/A CBB / Cincinnati Bell, Inc. GAMCO INVESTORS, INC. ET AL 1,230,614 2.43% -12.27
05‑22 13D/A SPCE / Virgin Galactic Holdings, Inc. Vieco 10 Ltd 89,790,438 42.7% -19.89
05‑22 13D/A FTV / Fortive Corporation RALES STEVEN M 16,620,210 4.9% -20.97
05‑22 13D/A CREX / Creative Realities, Inc. Horton Capital Partners, LLC 497,006 4.99% -43.30
05‑22 13D/A APAM / Artisan Partners Asset Management Inc. Colson Eric R 11,790,533 17.7% -6.35
05‑22 13D/A MOD / Modine Manufacturing Co. GAMCO INVESTORS, INC. ET AL 1,406,480 2.77% -17.56
05‑22 13D/A EGLT / Egalet Corporation Capital Royalty L.p. 0 0.0% -100.00
05‑22 13D/A LYL / Dragon Victory International Limited Cyn Cherish Capital Ltd 442,524 3.875% -76.39
05‑22 13D/A FXNC / First National Corp. WILKINS III JAMES R 395,449 8.2%
05‑22 13D/A AHPH / ALLIED HEALTHCARE PRODUCTS INC Weil John D 659,355 16.4% -48.26
05‑22 13D/A ANCN / Anchiano Therapeutics Ltd. Palisade Medical Equity I, Lp 1,848,200 4.98% -64.43
05‑22 13D/A GMDA / Gamida Cell Ltd. Ai Gamida Holdings Llc 9,903,600 20.93% -22.40
05‑22 13D/A WYY / WidePoint Corp. Nokomis Capital, L.L.C. 10,329,522 12.3% -20.13
05‑22 13D/A CRK / Comstock Resources, Inc. Covey Park Holdings Llc 167,404,429 72.2% -20.31
05‑22 13D/A 078771300 / BELLEROPHON THERAPEUTICS INC Puissance Cross-border Opportunities Iii Llc 53,327 0.9%
05‑22 13D/A GPAC / Global Partner Acquisition Corp. Coliseum Capital Management, LLC 16,956,602 41.0% -37.02
05‑22 13D/A 03836J102 / Aprea Therapeutics Inc 5am Ventures Iv, L.p. 2,597,653 12.3%

Source: Fintel.io/activists

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This Top TSX Gold Stock Is a Great Long-Term Investment

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There is no question this economic environment is ideal for gold prices and, therefore, TSX gold stocks. However, some gold stocks are so strong, investors can buy the stocks knowing they are great long-term investments.

Gold is something investors should always have at least a small portion of their portfolio exposed to. And in times of uncertainty, when a safe-haven asset is demanded, that’s when investors should be increasing their exposure to gold.

Today’s environment is precisely that. The uncertainty in both financial markets and economies makes a safe-haven asset like gold one of the most attractive assets to be increasing exposure to.

TSX gold stocks today

The economic environment around the world has been dire since the coronavirus pandemic hit. With no vaccine and little knowledge of the deadly disease, governments had to act quickly to protect their countries, enacting measures that have decimated economies.

Then, to deal with the economic consequences, massive fiscal and monetary stimulus has taken place around the world.

While this stimulus was needed and warranted, it doesn’t take away from the fact that central banks are printing money and governments are issuing new debt at unprecedented levels.

All of these conditions are creating the perfect storm for gold prices to rise. Some analysts even think that gold could skyrocket to $3,000.

Gold prices have been gaining momentum going back to December of 2018. In those 17 months since, prices have increased roughly 40%, an extremely rapid pace for gold.

And when you consider that the environment today is even more favourable than it was in 2018 and 2019, increasing exposure to gold investments is a no-brainer.

Top TSX gold stock to buy

Any time the price of gold is rising significantly, gold stocks will see a major positive effect. Since December 2018, the iShares S&P/TSX Global Gold Index ETF is up roughly 100% and more than double the pace of gold.

One stock that makes up 20% of the fund is the massive gold producer Barrick Gold (TSX:ABX)(NYSE:GOLD).

Barrick, a $60 billion company, is one of the world’s largest gold producers and an investor favourite in the gold industry.

The company is one of the best in the business, and, with its massive global diversification, it’s a stock you can hold for the long term.

In the first quarter, Barrick produced incredible results. The average realized gold price was $1,589 — a 22% increase from the same quarter in 2019.

That increase in gold price drove a 30% increase in revenue and a roughly 50% increase in operating and net income.

And when you consider that the average realized price in the quarter is nearly 10% below where gold is today, it’s clear this company is going to have a strong period of performance over the near term.

One of the reasons Barrick is so attractive today is the focus management has had on cutting costs and increasing shareholder value.

In the first quarter, the company produced nearly 1.25 million ounces and had all in sales costs of just $950 an ounce.

So, it’s no wonder why Barrick, the top TSX gold stock, is so profitable in the current environment and will continue to increase its profitability as gold prices rise.

Bottom line

Barrick’s solid operations and high-quality management team makes it one of the top gold stocks on the TSX.

It even pays a dividend that yields more than 1%. While this isn’t going to make or break your investment, it demonstrates management’s willingness to return capital to shareholders.

If you are underweight gold or need some resiliency in your portfolio, I would seriously consider adding a position in Barrick Gold today.

As we approach a new month, check out some of the other top stocks to buy besides Barrick.

The 10 Best Stocks to Buy This Month

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Fool contributor Daniel Da Costa has no position in any of the stocks mentioned.

The post This Top TSX Gold Stock Is a Great Long-Term Investment appeared first on The Motley Fool Canada.



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