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I have found a stock PCBM that everyday trades .0001 to .0002 at 285mil volume. Is there any reason I should buy it at .0001 and then resell it after lunch for .0002? You can almost set you watch by this thing. Im new at this so I thought I should ask. Thanks everyon!
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Risk is the only thing I can think of. Who is this company, what do they do, are they on their way out. You don't want to get stuck with 1 billion shares and a reverse split or bankruptcy. That and not getting your trade bids/asks in at the right time/price.
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I bought 500,000 shares ($50) after a little DD. I figured that if I lose it, no big deal. I seem to recalll while doing this DD that there were no red flags. I doubt that you could get it to sell at .0002, but may be worth a try. I just bought it to hold. Who knows, could go up or could go away, but I'm willing to chance the fifty bucks. Good Luck -Chuck
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Thats all very good information! Thanks. I wonder what the spread is to be able to sell stocks like this? I guess if it went to .0003 I could sell at .0002 or something. I really want to day trade eventually for a living out of my home but I havent figured out a strategy to make enough money yet, but I am also new so I am sure it takes time. Thanks to all who replied!
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