InvestorsHub Logo
Followers 10
Posts 4220
Boards Moderated 0
Alias Born 07/10/2003

Re: Dakota Dad post# 93041

Sunday, 02/20/2011 5:15:53 PM

Sunday, February 20, 2011 5:15:53 PM

Post# of 118239
I don't know why this seems to be so hard to understand.

So you're saying there are plenty of shares to buy within the brokerage houses because of people wanting to get out of their shares at .0001 (or less) AND there is a limited supply inside of the brokerage so that people have to bid up the shares?



Do you not understand that shares are bought at the ask and sold at the bid. If there is no bid you cannot sell, especially within the limited market within the brokerage? Do you not understand that those who transact those shares into and out of the market for investors need to make money on the process? The bid and ask are the measures of that process. Within a brokerage if you want to buy shares from someone else in the brokerage you are going to have to pay him his price plus the spread for the broker. If (as was noticed by everyone here) the bid climbed up to .0001 the ask also climbed up to .0002 providing a viable spread for the broker. Do you understand that whoever bought those shares paid .0002 for them? Did you not see the bid disappear almost immediately as ALL of the shares sitting at gtc waiting for a bid tried to escape? LOL

If anyone wants to pay .0002 for shares at the broker in order to 'create' the headroom for an actual bid at .0001 that bid will be almost instantly overwhelmed by all of those shares that have been waiting to sell for several months.

Mark my words, the blips will be few and far between and will not last for more than a few minutes at a time. Additionally as soon as the broker runs out of investors willing to sell their shares at .0001 he will be forced to suspend trading in RCCH stock because due to the global lock he cannot obtain 'clearable' shares from any other source.

Please try to understand how the market, you invest in, works.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.