Replies to post #146199 on NeoMedia Technologies, Inc (NEOM)

[jonesieatl]

Oops , overstated a few numbers , by 'double'

I forgot .. if 100,000 shares trade one day and the low is .01 and the high is .02 ... and assuming one day-trader managed to buy 50,000 shares at the low and sell them at the high ... then the total profit that day would be 50,000 shares * .01 ... not 100K shares * the 1-cent 'swing' which is how I calculated it in my previous post.

Soooooooo.....

Average Daily Swing times Average Daily Shares Traded (divided by 2): $1880

So .... capture the Average Daily Swing for all 64 days , (which would have required shorting on some days) and profit $120,320. That would be impossible but , just for fun , gotta use something as a baseline.

If 'perfect day-traders' captured half of that 'perfect trading' , they split up ~$20,000/month.

Yep. Selling free shares is definitely the way to go.

jonesie