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IRISHBULL

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Re: FranklinPeters post# 1494

Sunday, 09/14/2008 8:28:14 AM

Sunday, September 14, 2008 8:28:14 AM

Post# of 6266
dyagnyl in that example you won't get profits, many times these "lotto plays" don't pay off.. If the stock was .0001 x .0002 and you bought at .0002, you can hope it uptics to .0002 x .0003 and put a sell in at .0003(the ask)... there is a chance it will sell... Of course the stock you buy in at .0002 could run much higher ie: FFGO ran from .0001 to .0009

what is the reason for the bid/ask gap? ... That all depends, in many cases its demand.. You may have a bunch of traders bidding to buy at .0001 and traders who own it already trying to sell at .0003 with neither buyers or sellers at .0002... If a trader decides to put a buy in at .0002, most of the times you will see the bid uptic to .0002 and thus tightening the bid/ask..

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