Ngen Technologies Holdings Corp. (fka NGRP)

[Magnum7419]

Here is an idea ? that makes "cents" IMHO :)

"Prices of stocks trade on the 1/100-th of a penny or what is called a tick. A no-BID Trips starts at .0001 and then the next tick if the bid starts to form because of a rumor or front-loading or substantial business improvement is .0002. Then on to .0003 and so on, up to .01 and even higher. The first tick after .0001 is .0002 for a 100% gain, and sometimes it is difficult to get the stock price to that point; sometimes there are too many shares in the float, other times other investors just want out even at any price, and even toxic financing agreements with the company may have been offered free shares that are being dumped in mass at the asking price.

But occasionally, a stock will trade above .0002 and continue even to .001 for a 900% gain or what is also called a 10-Bagger. Once out of the no-BID situation, every tick is important to the trader that holds the millions of shares taken at the .0001 asking price. Because every $100 invested at .0001 is one million shares. Some sell all of them at .0002 (not too smart really if you have 10’s of millions) or a small portion of the shares to get some of the input cash back into the trading account.

There are numerous strategies employed to maximize profit and to limit risk, and this is up to the individual trader, and I suggest talking to others to learn strategies if you are new to this. One simple strategy is to buy at the .0001 Ask a few million or at some level of comfort just in case it gets stuck for a long time. For example XYZ Company, you buy $1000 at .0001 for 10 million shares and you sit on them until news or a tremendous rumor or buy-out possibility. If it can trade between .0001 and .0002 and the bid at .0001 grows, set small sells at .0002, and .0003 and .0004 and try to calculate the minimum shares to sell to break even for what’s called going free.[/b] In the above example you could sell 2 million at .0002, 2 million at .0003 and 2 million at .0004. If it only trades at .0003 vs .0004 and falls again and your .0004 orders where the only ones not sold you would have sold out for about $1000 which would have been your input cash. You would still have 6 million shares free. I would suggest selling most if it jumps on no major news and even if a PR did hit, and take any news with a grain of salt. From .0008 to .0014 sell around 50% of the remaining 6 million but never all; keep some 'just in case'."

https://investorshub.advfn.com/No-Bid-(0001-stocks)-15669/