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DSherman

06/01/20 11:29 AM

#12179 RE: daytrader15 #12178

But not for broker/ dealers, it costs them pennies per trade to flip and hold a stock down in the otc until they’re ready to run it!! Just play along and flip with them!!
Cann$$$$$$$
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TraderRich

06/01/20 12:29 PM

#12180 RE: daytrader15 #12178

You don't seem to have a clear understanding of the real game that goes on in the penny world. Penny stocks are companies that often need financing and more than a few financiers, while they're writing up the paperwork with the company execs in one room, walk across the hall to their broker buds and start shorting the stock of the companies they're agreeing to finance. Yes, they lose on their loans when the companies go under, but they make that and more up when the cover their short positions with the stock they were given from the company, and with the assets of the company when dumb CEO's sign agreements with milestones written in that demand certain price performances of the stock over certain periods of time. Kinda hard to reach those milestones when the guys you think are on your side and shorting your stock to keep you from being successful.

Welcome to the US markets. Happens more than most would like to believe.
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No-Quarter

06/09/20 6:05 PM

#12201 RE: daytrader15 #12178

I agree.