Any body have any idea why i can't get rid of my PCCR Stock. I am attemping a swing trade , I bought 500,000 at .0001 on Wed and have Current sell order in at .0002, Yet the ticker shows good volume and that it jumps from .0001 to .0002 all day . How hard can it be to sell 500,000 when volume is 420 million. I was hopeing for a quick double my money thing. It worked on paper tradeing .
Posted by treemoney on :
The bid is .0001 and the ask is .0002. You can buy it at .0002 and sell at .0001. That is why you have to check the spread especially on pennies. The lower the stock the larger the spread.
Posted by Polarbear17 on :
But why would i buy it at .0002 and sell at .0001 for a lose. I can be thankful that i managed to pick up at .0001 cause there's only one way this could go and thats up.I see last week that it hit .0008 so i think i'll wait .I still dont understand why its so hard to sell at .0002
Posted by Machiavelli on :
because there is no liquidity... float and/or outstanding shares could be very high and the volume not high enough...