Quote LOL, "Anytime my friend hope to actually put millions of dimes in ur pocket :)"
What? How does that "work" exactly, especially on a stock as ill-liquid and with spreads as wide as BHRT?
"millions of dimes" = several $100's of thousands of dollars? On a "big day" BHRT does maybe 4 million shares of volume, which is like $30K a day tops at hese prices, and on many days it's much, much less than that.
If one bought a $100K of this thinly traded (just bought a $100K worth, not even talking making that as some imaginary profit), of this sub penny which has dilution MM's sitting on it nearly every day- these MM's would never fill a sale for $100K worth or even $50K worth anywhere near the Ask they're showing at any given time, not a chance IMO (for example BMAK parks 10K blocks on the Ask all day long, and will never fill an order that high, they force the sale down using that 10K share block, setting a price cap in effect).
So if someone had bought a $100K worth the MM's would get them on a wide spread premium first, then turn around and when those shares went up for sale, they'd sit until the price was dropped substantially before anyone picked them up on a buy, the Bid side. Yesterday had a 22% spread for part of the day- meaning if one bought even a $1000 worth in the AM, then changed their mind and wanted out even minutes later- they'd of taken a loss of 20% or more just between the Bid/Ask spread to get their order to fill. No way IMO that anyone is always buying a perfect bottom and then always somehow selling a perfect top on these short term spikes- it's statistically impossible, other than maybe a pro-trading desk who's actually an MM or hedge fund and can see way, way more of the order flow than what's on even a consumer grade Level II screen.
So how exactly would one make $100's of thousands in profit on a fairly ill-liquid, nano cap stock- one that just hit near all, all, all time lows and is in a 12 month sustained down-trend now with only brief, very short lived "pops" and a few spikes along the way?
How exactly does, or would that "work"?? It's impossible or nearly impossible IMO. It's past Vegas odds on a declining, down-trend, and most importantly, thinly traded and wide-spread, fairly ill-liquid stock like this one, BHRT.
Not gonna happen IMO.
