Spider and Fly: Part 2
Something occurred to me the other day.
When a stock hits .0008, lets say I bought 150 million shares. I then sell the 150 million shares for .0009 GTC and put in a buy order for 150 million more shares at .0008 GTC. Doesn't matter if I'm first in queue. No one can undercut me or outbid me. Outbid me and I'll sell to you. Undercut me and I'll buy from you. If the people in front of me change their buy or ask, I immediately move ahead in queue. This would only work with stocks in this range since there's no pricing between ten thousanths.
Is this an impossible senario? It would create the illusion of a bottom (which flies love! only direction is up!). But once I see interest fading, I pump the stock (phoney PR perhaps - and the flies buzz with excitement!), sell all my stock, then wait for the next ten thousanth toggle.
The trick would be having enough money to start and staying on top of it to keep enough shares in the bid/ask queues. With software you could easily manage this.