StockFetcher Forums · General Discussion · INVESTORSUND, subpennyChat opinion please<< >>Post Follow-up
212 posts
msg #93769
Ignore woofys
6/12/2010 10:44:14 PM

lets say XYZ is at .002. you buy 150000 shares for $300. xyz goes up to .009
your profit is .007x150000 = $1050 profit. Question: will the market makers
let you walk with that kind of money? I am conserned here about the BID when
you sell to close. Your opinion. Thank you

40 posts
msg #93816
Ignore cwn6161
6/14/2010 9:51:43 AM

What makes this question any different from any other stock with a spread? You can set a limit order to get out when you want.

3,879 posts
msg #93817
Ignore Kevin_in_GA
6/14/2010 9:57:07 AM

Liquidity is the key issue here. If you try to dump 150,000 shares of a thinly traded stock, you will pay a big premium. Don't just look at price - make sure that YOUR shares are less than 1% of the typical trading volume each day. In this specific example, the average daily shares traded would need to be above 15 MILLION.


close below 0.009
average volume(30) above 15000000


This can be done - the filter above returns 57 stocks. However, that is only the minimum criteria that would let you exit without taking a big hit - the stock still has to appreciate 300+% beforehand!

212 posts
msg #93930
Ignore woofys
6/16/2010 10:22:34 PM

cwn6161 Thank you cwn6161

212 posts
msg #93932
Ignore woofys
6/16/2010 10:52:40 PM

kevin-n-ga Thank you for the great detail you went into kevin. I am for the most part way better off than I was. What you have posted still leaves me wondering a bit...what if I tried dumping just a few 1000 shares at a time? Might that work? Believe me I really appreciate your advice on this matter. And thank you again sir.

3,319 posts
msg #93936
Ignore four
6/17/2010 12:30:32 AM

You are illuminating the problem with "perfect" back-testing and paper trading. Thank you.


" buy 150000 shares for $300"

For about $300 or less (remember to set a stop)..., why not try your hypothesis.

Many would pay (more than $300) for someone's strategy (sight unseen).


Robert C. Savage
Most people are willing to pay more to be amused than to be educated.

StockFetcher Forums · General Discussion · INVESTORSUND, subpennyChat opinion please<< >>Post Follow-up

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