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Thursday, December 31, 2020 11:14:10 AM
I haven't lost interest, and I see plenty of smart money buying the dips these flippers create. The pattern is extremely easy for me to spot because I built my first house with money I made from flipping 20 years ago. But when fractions got abolished, I stopped flipping.
One difference was, back then a one level flip was 1/16, which is .0625. Make 2 levels and that was .125. Even flipping 1000 shares was worthwhile.
Not worth it to flip now, unless the spread is large and the sentiment is flat. But with low volume and lots of trained eyes watching, it's more of a nuisance than anything else.
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