and make large profits?
2006-10-28 03:47:50 · 8 answers · asked by daytrader s 2 in Business & Finance ➔ Investing
Not necissarily. In order to sell it like that you need someone to buy it. Just cause it went up doesn't mean there is someone willing to buy 10 million shares. I have a stock that has been at .001 for the last two years. It went up to .01 for one day, I tried selling it, but couldn't cause there were no buyers.
2006-10-28 03:51:31 · answer #1 · answered by M.B. 4 · 3⤊ 1⤋
You got lucky. Most penny stocks are very risky and can go belly up in a heartbeat. There is a bid price and an ask price. You sell at bid and buy at ask plus paying commission. Your sell order wouldn't be executed until the bid price his $0.0002. Read the financial reports that companies have to file and don't buy anything that is recommended by unsolicited spam.
2016-03-28 10:03:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
no that would be throwing away your money if you want a pennystock that in my opinion is going to go up reasonably soon try alteon symbol(alt) it may have a large move up in november right now is trading about .15 if you buy it don't worry if it pulls back to .12 (it may or may not) hold till .50 at least or 8 weeks from the beginning of it's climb but make sure you sell by $1 this is in my opinion and I am long(own it )this is a fallen angel penny stocks are usually a big mistake to buy.
2006-10-28 10:42:49 · answer #3 · answered by vetech_61 2 · 0⤊ 0⤋
Probably not, there has to be a buyer. Frequently you'll see changes like this but it's just this difference in the bid and the ask, it doesn't always mean there is a buyer.
2006-10-28 05:03:00 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Maybe you can find out who clears the trades for the company you bought it from, and cut them a deal between the bid and the ask.
2006-10-28 05:26:43 · answer #5 · answered by For sure 4 · 0⤊ 0⤋
There is nothing that prevents you from doing this as far as rules go.....but you're not likely to find sombody that will sell you 10mm shares of a stock like that, and you're not likely to find sombody that will buy that much from you either.
ps, if you award that beggar a best answer you're as bad as he is.
2006-10-28 05:58:07 · answer #6 · answered by g_tastyfish 4 · 0⤊ 0⤋
you would double your money but their is no such stock. Try something that is like $5 and sell it when it is up to 12 this might take a year or two but you would over double your money. Hope this was helpful.
PS please award best answer
2006-10-28 04:30:29 · answer #7 · answered by WhizMaster 4 · 0⤊ 5⤋
yes.
2006-10-28 03:53:56 · answer #8 · answered by Anonymous · 0⤊ 2⤋