Post by
Archermania on Jun 19, 2014 12:32pm
I would love to get in on this stock but...
it just seems like it's almost impossible to acquire a position with almost zero volume every day. It would appear that the only way to get a decent chunk of stock would be to overpay by about 3-5%.
Too bad.
Comment by
adit123 on Jun 19, 2014 7:40pm
So...just for my education, how did you determine buying at the current ask is overpaying by 3-5%??
Comment by
Archermania on Jun 19, 2014 11:18pm
Ah, but that's the thing with this low volume - I wouldn't even be able to add at the current ask price as buying a substantial position ($10,000 or more) would eat through the amount of shares available at that price and jump up to the next ask price (and maybe even the one above that). I'm not about to buy a measley 5000 shares so that presents a bit of a problem.
Comment by
resourceful701 on Jun 20, 2014 4:14pm
If there isn't any news coming this could be sub .20 in a few weeks so plenty of time to buy when the impatient start to dump their shares. This is going to take a year and then we'll be rewarded.
Comment by
adit123 on Jun 20, 2014 8:59pm
I doubt anyone will let this get to very low $0.20s again let along into the teens without jumping in for shares. I got in at 0.17 when Danny D alerted subscribers to this so would welcome chance to add again near that price! So I think you are wrong but I hope you are right!!
Comment by
wesdevries on Jun 20, 2014 11:11pm
Low 0.20's would be a gift...count me in on adding to my position substantially if it gets there!
Comment by
adit123 on Jun 20, 2014 8:56pm
Okay so you were talking a rather large stake all at once.