I can say this has all been very educational, so I wanted to thank CLDR for that at least. I have learned to pay more attention to which market makers are interested in a stock and watch the trading patterns for a few days before sinking a single penny into these pennies. In fact I may have learned that I have only picked one penny out of 40 now that has went anywhere, and that was only up 250% on a small position after 2 months! Perhaps it's time to stick to dollar stocks and minimal gains and losses.
But then another thing I might have learned is I've also started to wonder what it would take to play this same game on another penny stock. Let's see.... You need some sort of news and pumping to build volume. (A few buddies to help with that?) You will need a huge bag of shares to put on the Ask. And you need to beat everyone else into the queue on L2. For added effect, you should have 2 accounts I guess, so you can pass shares back and forth for a few days to build volume. During that time, dumb suckers like me will go "OOOOOH! Here comes a 10 bagger!" and buy in too. Its important to have a big bag though, because you don't want to run out and give the poor suckers a way out for little loss. And finally, you quit shuffling, sit on the ASK, and wait for us dumb suckers to sell back to you at a loss. It's pure genius I say..
*grumble*....
AI
