I was watching prrm yesterday and as most of you already know it fluctuates between .0002 and .0001 . so i was thinking i could get in at .0001 and get out at .0002 for 100% gain. But i decided to watch the stock first and check out the asks and bids... If i were to buy at .0001 ask is .0001... then sell at .0002, the ask is .0000x( x becuase i cant see the last digit) so does this mean i lose money or is there some kind of error? Someone please explain this to me.. thanks
Posted by Ric on :
Since when do you get to buy at bid and sell at ask. Thats an illusion. Us regular investors get in somewhere in between but since you can't trade in the 5th digit we the regulars get it in the end. Most of this is the MM's are buying at .0001 and selling at .0002. Not that you can't buy at .0001 some have but its alot harder to sell at .0002. When it does go to .0003 then you the regular person maybe able to sell then at .0002, maybe.
Ric
[This message has been edited by Ric (edited November 09, 2004).]