InvestorsHub Logo
Followers 10
Posts 414
Boards Moderated 0
Alias Born 12/31/2010

Re: Krakatoa_Dean post# 40847

Tuesday, 11/01/2011 1:57:02 PM

Tuesday, November 01, 2011 1:57:02 PM

Post# of 80983
You would have to be flipping/trading a fairly large position for this ATM to pay any real money. With the PPS barely moving that is. If you bought 100,000 shares at $0.05 then you paid $5000. If you flipped that same 100,000 shares at $0.055 then your almighty ATM machine kicked you $500. Subtract any fees or commissions plus taxes and you made even less. Based on the average daily volume I think it is fairly obvious that people are not flipping large blocks of this stock. I would venture a guess that the average flipper is working with half of that number and it's not to take profits but rather to add to the overall size of their position and to that I say good for you.