Well, you would have to do more than 1,000,000 shares because the commission fees would hit you on the buy end one day and on the sell end at the end of the day. And you would pay taxes on the gain as well. And heaven forbid it never goes back up to .0006 on the board.
My question is which market maker pays 0.0006 for this stock every day and loses, because someone always has to be on the other side of the trade, correct?
not a single one..that .0006 price you are seeing is currently the ask price...they are "asking" you to buy it @ .0006...at given times you are able to buy at the bid(currently .0005)...because there is a debenture that is being converted to shares at a discount...but typically...the left side(bid)...is the best price you will get when you sell..that is where the market maker buys at
I'm wondering if i can buy a million shares each day at 0.0005 and flip it at 0.0006, will I get filled?
it just "aint" that easy
either sell and go to cash...or just hold your shares..but mainly..stop everything and start again..here:
then grab a read..maybe something similar to a "toni turner" book..etc.. to get the basics..they are very easy reads i am sure---but most importantly...just have fun doing it!---best of luck!
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