To The Moon

Shares of $SVB Financial Group(SIVBQ)$ and $Signature Bank(SBNYL)$ started trading over the counter on Tuesday after Nasdaq delisted the stocks. SVB Financial, now changing hands under the ticker (OTC:SIVBQ), was 99.8% lower at the time of writing, Signature Bank stock was also down some 99%. What is OTC? There will be some Tigers who will ask how to trade them following the delisting of Silicon Valley Bank and Signature Bank. OTC stands for Over-the-Counter, which refers to the trading of financial instruments, such as stocks, bonds, or currencies, directly between two parties without the involvement of a formal exchange. In an OTC market, the parties involved negotiate the terms of the trade, such as the price and quantity of the financial instrument being traded, privately and without the need for a centralized exchange. This is in contrast to exchange-traded markets, where buyers and sellers transact through a centralized exchange and follow standardized rules and procedures. OTC markets are popular for trading in less-liquid assets, such as small-cap stocks or corporate bonds, and for complex financial products, such as derivatives.Moreover, it can also provide trading liquidity quotation services for securities that do not meet the requirements for listing on the U.S. stock exchange or NASDAQ. $SVB Financial Group(SIVBQ)$ and $Signature Bank(SBNYL)$ now switch into OTC Markets. A few brokerages offer OTC trading, including Tiger Brokers. You can buy or sell OTC stocks at Tiger Brokers if you want. The OTC Markets U.S. is open Monday through Friday from 9:30 am to 4:00 pm Eastern Daylight Time (GMT-04:00). There are also risks associated with the OTC market, such as counterparty risk, lack of transparency, difficulty in price discovery, and lack of regulation. Make sure you are aware of the relevant risks before trading any stocks. Is it safe to buy SVB now or is this just a 'dead cat bounce'? 💡How to participate？ Share your thoughts regarding $SVB Financial Group(SIVBQ)$ and $Signature Bank(SBNYL)$ in the comments section below. Please feel free to share your positions if you trade bank stocks as well. 📢Activity Details All Tigers who leave a message in the following post will receive 10 Tiger Coins. In addition, you obtain a chance to win a surprise gift.$Tiger Brokers(TIGR)$ 💡How to share positions? Sharing positions is easy. From your account holdings interface, you can click "Share" by each of your stock holdings to share with the community how much money you have made (or lost) on your investments. ⏰Event Time 29 March 2023- 31 March 2023