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Alias Born | 11/07/2005 |
Friday, October 21, 2016 8:22:43 AM
What usually happens down here is traders will build up bids at 0001 in hopes of getting filled there, but the longer no one smacks to bid with any large size sales the more market realizes it has to move up to ask to get filled with orders.
as that happens more bids build, and more traders who think NECA has higher value potential say "eh, im grabbing in at 0002 before others buy them up so as not to miss the run".
That in turn starts more and more buying at 0002, and if no larger seller appears then this starts to run. I think we may be there now...most of big 0001 sellers are gone.
NOTE: Just as side note, some traders here can confirm, it can be hard to buy at 0001 due to market makers. Now if stock goes no bid, 0001 ask then yes you can grab some....but lot of times you'll see sells at 0001, and know you're next in line, and you dont get filled...cause market makers fill their friends first and sometimes jump in front of retail orders. Corrupt i know, but seen it happen a lot.
But with 1.8 bill outstanding, a price of .0002 only equals $360,000 market cap.
We have a brick & motor store that is now open and doing business, with more pawn shops coming, AND app about to be live on both Apple and Android....AND large title pawn company wanting to partner with NECA on that app.
Giving potential of $5 to $10 million in yearly revenues from monthly loans + referrals this could be set to run. Watch those 0002's....it may start slow, but as more people hit them the more new people will rush in and want to grab what remains there.
NECA on watch!
Have a great low float, or killer chart to share with our group of traders?
Post it up on my new board!
Sweet Crude's - Low Float and Chart Plays (please join)
http://investorshub.advfn.com/boards/board.aspx?board_id=21852
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