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Re: stockmarketgod post# 5161

Monday, 11/09/2009 1:53:31 PM

Monday, November 09, 2009 1:53:31 PM

Post# of 11034
SMG good words! All take note.
I'd never buy at the ASK price in penny land. Especially if its down in the dumps like IARO, SFIO, QASP ect. They will fill way lower than the spread price. I have found when the volume dries up yopu can hit a buy below the Bid...The old subpenny play everyones does. Thses penny stocks get so ignored after a good run its anyones buys.

I get buys below the BID almost every day over in the SFIO camp. The trick is to flip those shares on every small spike. If noy your stuck and become a pissed investor.

Now I got burned flipping all my IMGG position @ .75, but thats part of the game sometimes, no crystal ball. Now I have to deal with all this new investor support to get back in.

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