Buying at .0001 and selling at .0002

[gakare]

I have been watching a stock for about a year that consistently moves from .0001 to .0002. It averages 3 or 4 moves per day. If I buy at .0001, how do I sell at .0002 if it NEVER goes above that price? Why would anyone buy my shares if it's sure to drop back to .0001? Will I be able to sell this stock?

[acivil12]

Hi,


I am new to selling penny stocks myself. About a month ago I had the same question until i figured out that the answer is volume. Lets say you buy 1,000,000 shares at .0001 on a stock that makes moves to .0002 frequently. Your sale is more likely to execute because there are much more ppl that demand that certain price. Volume of 50,000,000 or higher per day are perfect. So far i have done this 4 times with 3 different companies.
CMLT
CXAC
UVSE

Also to avoid the $15 sec charge i buy in lots of 999,999. This gives me a profit of $99, when i make these trades. Sometimes the trades dont go through right away, but dont worry it will. For some od reason this price of .0001 seems to be the smallest amount a stack can be traded at, which im assuming makes it very safe for traders since it cant go any lower.

One more thing, If you have an online broker account and you wanna get serious, I suggest you use the level 2 charting system. This gives you real time quotes and real time sales. You can see each trade as it accually happens which helps you make better decisions base on exactly how many ppl are buying at a particular price.

Good Luck