I've been investing since the early 80's and if I would of discovered PINKS first I would be broke in my 50's. This is a gamblers sector. Know when to holdem and know when to foldem!!
It works as long as the stock is trading in a nice channel. Say between .0030 and .0050 fairly consistently. You don't have to flip all but a decent amount to make it worthwhile say at least 100k. What I usually do is sell at a peak then either buy back more shares lower (free shares) or the same amount of shares and take the difference as profit.
When I was flipping a million shares that's $100 dollars per tic.
So say sold 1 mil at .0045 could either buy back 1 mil at .0041 and take $400 profit or buy back ~ 1.1 million at .0041 and build share count. --Rinse and Repeat, sometimes up to 3 times same day - usually 1 or 2
2 main things
1) must flip a good quantity at a time. the more you flip the less movement you need to come out ahead. 2) only works when stock is trading in a predictable channel cycle (well as predictable as pennies can be)
And say you flipped for 2 weeks nicely and it starts to run. Just bite the bullet don't get caught buying too high.
With a stock like BVTK it's fairly easy to tell the difference between the up and down in a channel and a breakout (above the channel)
just me.
This is not trading advice as I'm not a millionaire so what do I know
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