Junk Securities: Cheese in the Mouse-Trap or Uncut Diamond

The article shows that junk securities never demonstrate a smooth trend to rate growth and any jump or drop usually happen by sharp change in the trend. The investor making deals on OTC call-boards should realize that 95% of dark market shares cannot pass analysis and the majority of investors who d...

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Main Authors: I. V. Balashova, T. A. Tereshchenko
Format: Article
Language:Russian
Published: Plekhanov Russian University of Economics 2021-07-01
Series:Вестник Российского экономического университета имени Г. В. Плеханова
Subjects:
Online Access:https://vest.rea.ru/jour/article/view/1135
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author I. V. Balashova
T. A. Tereshchenko
author_facet I. V. Balashova
T. A. Tereshchenko
author_sort I. V. Balashova
collection DOAJ
description The article shows that junk securities never demonstrate a smooth trend to rate growth and any jump or drop usually happen by sharp change in the trend. The investor making deals on OTC call-boards should realize that 95% of dark market shares cannot pass analysis and the majority of investors who deal with dark market shares would lose money. Sometimes after good results shares on dark market can go ‘darker' and are not reported for a long time. It resembles ‘leaving on a high pitch'. But occasionally figures can become worse, therefore the company would not like to acknowledge the fact. Junk shares always imply high risk, as in the majority of cases there is no reliable information about the organization issuing shares and securities themselves. The authors point out that in case of placement at outside markets external audit is not carried out and real quotation could differ from those presented. At the same time it is rather difficult to analyze junk shares because of low exchange purchase, as few investors buy securities with low rating.
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spelling doaj.art-4298c0e84fdd490698657deb2bee2b7d2023-09-03T10:34:54ZrusPlekhanov Russian University of EconomicsВестник Российского экономического университета имени Г. В. Плеханова2413-28292587-92512021-07-010416216810.21686/2413-2829-2021-4-162-168860Junk Securities: Cheese in the Mouse-Trap or Uncut DiamondI. V. Balashova0T. A. Tereshchenko1Краснодарский филиал Российского экономического университета имени Г.В. ПлехановаКраснодарский филиал Российского экономического университета имени Г.В. ПлехановаThe article shows that junk securities never demonstrate a smooth trend to rate growth and any jump or drop usually happen by sharp change in the trend. The investor making deals on OTC call-boards should realize that 95% of dark market shares cannot pass analysis and the majority of investors who deal with dark market shares would lose money. Sometimes after good results shares on dark market can go ‘darker' and are not reported for a long time. It resembles ‘leaving on a high pitch'. But occasionally figures can become worse, therefore the company would not like to acknowledge the fact. Junk shares always imply high risk, as in the majority of cases there is no reliable information about the organization issuing shares and securities themselves. The authors point out that in case of placement at outside markets external audit is not carried out and real quotation could differ from those presented. At the same time it is rather difficult to analyze junk shares because of low exchange purchase, as few investors buy securities with low rating.https://vest.rea.ru/jour/article/view/1135акциимусорные ценные бумагиинвесторыобъем торгов
spellingShingle I. V. Balashova
T. A. Tereshchenko
Junk Securities: Cheese in the Mouse-Trap or Uncut Diamond
Вестник Российского экономического университета имени Г. В. Плеханова
акции
мусорные ценные бумаги
инвесторы
объем торгов
title Junk Securities: Cheese in the Mouse-Trap or Uncut Diamond
title_full Junk Securities: Cheese in the Mouse-Trap or Uncut Diamond
title_fullStr Junk Securities: Cheese in the Mouse-Trap or Uncut Diamond
title_full_unstemmed Junk Securities: Cheese in the Mouse-Trap or Uncut Diamond
title_short Junk Securities: Cheese in the Mouse-Trap or Uncut Diamond
title_sort junk securities cheese in the mouse trap or uncut diamond
topic акции
мусорные ценные бумаги
инвесторы
объем торгов
url https://vest.rea.ru/jour/article/view/1135
work_keys_str_mv AT ivbalashova junksecuritiescheeseinthemousetraporuncutdiamond
AT tatereshchenko junksecuritiescheeseinthemousetraporuncutdiamond