Replies to post #1618 on Applied Blockchain Inc (APLD)

[KingsKnight]

Wow. Schwab Da Deck.
Schwabby really playing gatekeeper there. In thinly traded securities anyone can really make the market buy ask slapping. But then, when it's thin you never know if having a large position will allow you to exit as the liquidity is minimal. I like low floaters, but they're a bit dangerous with the liquidity trap. I have another FCIC, that is very much like that. Today a robust 1 share volume..
Schwab is really good for the penny plays, but they too are starting that restriction soon. When all retail has the option to do is sell, they will likely just do that. It's a terrible spot to be in on many penny/custo plays right now. Some are going to head into a buzzsaw if no one can buy. OTC is likely backlogged with the rush to get current.

Tiger Money Member Level Tuesday, 08/31/21 02:50:42 PM
Re: KingsKnight post# 1617
Yes - that was what got me restricted from web trading. CS thought I was manipulating the ARAT market because I just kept buying and buying all the way to $13. In turn, since I bought so much, I ended up being the last trade of the day several days in a row. The last trade can happen at any time of the day for illiquid stocks. Hard lesson to learn. It sucks to call in when 85% of my port r custodian plays/penny plays. If I sold I could take that thing to pennies as there is no liquidity