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Are Penny Stocks Dying Out ?
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[QUOTE]Originally posted by T e x: [QB] [QUOTE]Originally posted by wallymac: [qb] OK, I'm going to say this and will probably catch a rash of chit for it but I think it needs to be said. I was posting on the runners thread for a while but it seemed that every time I posted a pick it went down. At first I thought it was me but then began to wonder if, just possibly if, by posting I was then getting some people interested and they decided they would jump in but below the bid. If enough people decide to take a position but decide to place orders below the bid they will create downward pressure and the PPS will drop. I guess it goes along with what JUICE posted earlier on this thread, just as people may not know they can sell at the ask to keep a run going, they may also think they can buy below the bid and that the run will continue. In my experience once the MM's see any weakness they will walk the PPS down which will cause many to sell. How do I know this? I did a test a year or so ago on PTSC. I put in a buy at .05 below the bid. It was a sizable buy and like clock work they brought it down to take my buy collecting shares along the way. It then continued down for a bit and rebounded afterward but lost momo because people wanting to wait for bottom of the retrace before buying. Some times we create a self fulling prophecy. Wally [/qb][/QUOTE]ya, when they're going? sell at ask... I definetely agggggree with that [/QB][/QUOTE]
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