No idea why Sykes name was mentioned here given his stance on Biotech and this being not OTC but NASD stock, but today there is a cheering in Sykes camp - one of his students posted a long trade in KBIO than made over 100k for her. Apparently Sykes gave a long signal on profitly after that turnaround with Schrkeli.
I've always only referred to OTCBB listed stocks as penny stocks. Stocks under $5 are of course subject to delisting and becoming a penny stock on OTCBB, so they carry their own risks, but I wouldn't call them a penny stock while they are trading on Nasdaq.
Not sure if this is just me, or a commonly accepted nomenclature.
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