RIDDLE ME THIS.... .045 CENTS...?Watching this game of sub prime ( BELOW MEDIAN) trading action is rediculous. Brings a whole new meaning for the term... who's having all the fun.
Seeing the gap in spread right now - is also rediculous - I've seen some silly trades in about a years time... where twits buy the stock and sell it - for basically the same price - only losing thier cost to transact - OR THE OTHER - sell 1/2 penny lower than their buy in ?
I've always thought - if the mass of shareholders who are pro company - appreciate the stock - they won't play the - 1/2 penny increment game - instead they'll see the value - and choose not to sell - which exposes who is selling Aand who has the ? reread that ....
On other stocks you see good spreads - showing an appreciation - a respect and value that says - i'm not selling AT XXX PRICE - because they feel or think its worth more - and they'll recognize the 1/2 penny game - and like i've ive always said - to escape the clutches of the under a dime control - takes shareholders not selling - a miracle - or big buyers -
After all - why are the trades always perfectly scaled in 1/2 penny increments?
Why not 1 cent or 2 cent - or more ? I don't get that...
Just seeing the spread today... i see this.... .045 resistance - a full one cent gap - on the bid trying to pull down - the answer is where the trade action is - its a tug o war.... find the resistence - perhaps there will be the answer.
| V | 483.0 | 0.045 · 0.055 | 160.0 | 0.05 | |
Question - has this stock ever been .045 cents ? Again - i'm new to this stock - i don't know - which makes me ask - has this stock ever been .045 cents - if not ----- then where are the .045 cents coming from ?
I could be right or wrong - hey... newbie at this... but its how i see it.... Do your own DD.