Yikes, Investor100 - 5M @ 0.08 = $400,000, or, 5M @ 0.008?
Here is what I learned really fast since my penny career started last November.
Assumtion based on $10,000 play money:
When you buy (not invest) shares in the 0.5 + range - sell
after the stock goes up around 3-7 pennies or so.
$10,000/0.5 = 20,000 shares X 3-5 pennies profit($600-$1,400) is a nice enough slot machine sound in my ear. I don't care if the stock goes up another 0.1 or 0.20 afterwards. I feel happy right there.
When you buy (not invest) shares in the 0.1 + range - sell quickly after the stock goes up just a penny or two.
$10,000/0.1 =100,000 shares X 1-2 pennies ($1,000-$2,000) is a nice enough slot machine sound in my ear.
When you buy (not invest) shares in the 0.01 + range - sell quickly after the stock goes up just 2-4 tenth of a penny.
$10,000/0.01 =1,000,000 shares X 2-4 tenth of a penny ($2,000-$4,000) is a nice enough slot machine sound in my ear.
When you buy (not invest) shares in the 0.001 + range - sell quickly after the stock goes up just 2-4 hundredth of a penny.
$10,000,000/0.001 = 10,000,000 shares X 2-4 hundredth of a penny ($2,000-$4,000) is a nice enough slot machine sound in my ear.
Now, I have been where you are with DCBI and HISC. Waiting and waiting to see my money disapear. I woke up July this year and did the following:
Fact 1.) I have a life trading platform with Charles Schwab. I can see buys and sells in real-time. I can trade in real-time too.
Fact 2.) A stock that consistently sinks over a period of time is an awesome target because of its daily/weekly high/lows.
Fact 3.) I had to originally sell with a great loss to make some money back. That was the difficult part.
Now lets assume you originally spent 5M X 0.008 = $40,000
Now, lets assume you sell 750,000 shares at 0.0015 = $1,125.
Rebuy at 0.0011 - (assuming $10.00 commission per trade) = $1,105/0.0011 = 1,045,000 shares. Gain = 250 + thousand shares. Now you own 5,250,000 shares. $40,000/5,250,000 shares = cost average of 0.076.
I sold every morning after the stock went up a little and re-bought the same day lower and therefore gaining more and more free shares. The weired thing is, I never had to wait for my money to clear for three days because I sold and rebought the same stock!! I got in trouble selling one stock and than buing another the same day without waiting the three days. Sold HISC to get into PDSC. Now I was barred from day-trading for 90 days until December 17. I am ready to rock-and-roll next week again cost averaging down to the pits.
Man, sitting around sweating is not for me. I am ready to cost average down from my 0.0033 to 0.001 at least.