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Re: snoof77 post# 24208

Monday, 01/18/2021 6:50:40 PM

Monday, January 18, 2021 6:50:40 PM

Post# of 31709
With 2800 big board stocks and 3300 NASCAQ stocks you really think MM's care about a .0001 spread on a penny stock. As I said Etrade told me almost all trades on OTCBB penny stocks are done by online traders. Once in a blue moon does a broker have to put in a penny stock order. And once again, for the OTCBB penny market, all bids and asks (if there are no retail orders) are done by computers. MM's make more in an hours trading on AMZN than they would make in 10 years trading of a penny stock. The two specialist I talked with at Etrade both told me they have no clients trading penny stocks. Maybe other brokers have different ways of trading but, since my broker is Etrade I checked with them.