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Thursday, June 19, 2014 12:26:55 PM
The trading 10 years ago so so different. Momo on a stock would usually go 3-4 days before mass selling would start. Now most stock can't even make it up 3 ticks before it falls right back down.
I rarely even buy pennies anymore myself... it's became impossible to profit much. Traders forget it is us against the house and they end up cutting each others throats. But oh well.. it is what it is.
All you can do is buy some, hold and hope for an acquisition or something and then make bank while the whackers keep settling for lunch money.
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