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Re: Penny Stocks 2.0 post# 15286

Tuesday, 03/08/2016 3:00:48 PM

Tuesday, March 08, 2016 3:00:48 PM

Post# of 32393
Of course not, I am a long shareholder here and I can see what the company is trying to do. I also happen to know how hard it is, what they are doing. But it goes back to understanding trading - and the BID is where it all starts. There will always be sellers, whether they are real, or MM make-believe (because FINRA allows them to do that) we just don't know. I know 3,000 shares raises this up by $1.00. and when all the ASK slapping stops, it falls back down. But when there was a 4 cent spread, no huge gaps were created. Again, this is why all of the national exchanges uses the BID side to determine value, and you know the death spiral guys use a discount to the bid, to screw companies on the OTC. BIDS show demand, more so than Ask slapping. I am sure Lorraine would rather see this actively trading between $3.20 and $3.25, than so $2.30 by $2.70 - thats a .40 cent spread. Lots of games can be played in there. AON fill orders get filled n the tight spreads, in the big spreads, the MM's have a lot of leeway....hence the huge price swings. Thats why when I buy, I buy via the bid. I just keep raising it until I get them.

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