[net.invest] OTC question

lro (11/16/82)

	What is the OTC market and how does one go about finding out 
more about it? Also, is there anymore news on Telstar or Bulb Miser?

						Lance

djs (11/17/82)

OTC is the Over-the -Counter market for stocks. You can buy and sell these
stocks through any stock broker. You can find a listing of these stocks and
their prices in most newspapers.
				David Saphier

lsk (11/19/82)

I will try to talk about the OTC market. OTC means Over the Counter.
I guess the simplest explanation is that is a stock that is not listed
on a regulated exchange, e.g. NY or American stock exchange. Since
these exchanges have various restrictions on companies before they
can be listed, many companies simply cannot (do not want to) meet them.

The market for these stocks is just "open" or "over the counter".
'Typically, a particular brokerage house may agree to "keep a market" in
some OTC stocks. The NASDAQ index keeps track of their prices simply
by people reporting in what was bought and sold and at what price.


Not afraid to not be Louis Rukeheyser (sp?),

Larry S. Kaufman
WECo, NSC, Lisle, Ill