RE:RE:RE:RE:RE:RE:Protect Your Long Position and Restrict the Penny Day Trader Even if you don't have your shares posted for a high bid, they're still not available to anyone for any given price. You do see people putting in large limit orders 4-5 cents above the current prices simply because they're hoping for a large market buy.
But if you're buying market prices on penny stocks you probably aren't super savvy with your cash, the difference between buying at $0.105 and selling at $0.12 (+14.2%) VS $0.11 and selling at $0.12 (+9.1%) is crazy percentage gain differences. Patience always pays and the market will always correct if the money is TRULY there.
don't get me wrong scams are a thing, but money simply talks the talk in the end. Price to cash flows under 6 and price to book ratio under 0.5 with a five year earnings growth of 3.2% is some great rules for companies
I also prefer no debt companies with price to book under 0.5. Mining stocks with no debt and five years growth 5% with price to cash flow of 3 are also good