posted
This might sound a little desprate...I've done some DD, but got stuck at Stockwatch.com. Behind the Symbole it gives me a -Q....what does that exactly mean? Could it be a bankrupcy case, could it have anything to do with the Nasda'Q', could you tell me????
I'm fairly new at this, so please excuse my possibly redundant question(s)!
Anykind of feedback on this stock is welcomed as well. Thanks, JARW
Upside
posted
I can't find anything to indicate they're in bankruptcy although they probably should be. Stay away from this one. It's got 11 billion shares out there with more coming every day. They are incapable of making money with their current financial structure but if they attempt to change it, they will go under. I't doesn't appear this company has anyway out of its troubles and sooner or later it will collapse.
JARW
posted
Thanks for your time UpSide and for the information! By the way where do you do most of your research, any site in particular?
mattonic
posted
What stops traders from buying at .0001 and selling at .0002 for a 100% gain on a daily basis?
[This message has been edited by mattonic (edited December 27, 2004).]
TheBundo
posted
quote:Originally posted by mattonic: What stops traders from buying at .0001 and selling at .0002 for a 100% gain on a daily basis?
[This message has been edited by mattonic (edited December 27, 2004).]
You won't be able to sell at .0002. The Market Makers are making those sales between themselves. You may even find it difficult to sell it off at .0001
Ric
posted
bid is the sell price for a stock and ask is the buy price. Thats a little simplified but that is a basic definition. Stocks can be bought and sold between the bid and ask in higher price stocks but not at this level. The gap is too small. When you see a .0001 to .0002 spread the bid is actually .0001 an Ask is .0002. I know that it shows as both in your streamer but thats because most streamers do not show true bid/ask on pinks so they just list last price in both weather its a bid or ask.
Ric
By the way stay away from this stock. Long way away. If you buy it you may never see your money again.
quote:Originally posted by mattonic: What stops traders from buying at .0001 and selling at .0002 for a 100% gain on a daily basis?
[This message has been edited by mattonic (edited December 27, 2004).]
posted