I got in on FridayI was the last order on Friday at .155, how do I know that, cause my order that was being filled at 3:59 was 400 shares short of a full fill.
.155 might not be the bottom and I don't expect it to jump back up quickly, but I'm willing to sit on this for a while as it is likely to chill at .16-.17 most of the time. If I have money free up and this trades low for a while, I likely put anouther purchase order at .15 or even at this this point. But at some point in the next 6-8 months this is likely to jump around to .18-.20 and I'll take a nice 16%ish profit. It's not huge but I can do this 2-3 times a year or more with this company and I start looking at 32-50% return just for playing with this penny stock on what I feel is low risk to me.
If you play with this stock you can't play a game of big numbers for that return, the volume of movement just doesn't normally allow for a $10k order purchase, and a large order could take several days or weeks to fill periodically depending on your limit price. Less than $6400 worth of shares moved Friday, and I was less than a 1/3 of that. Sometimes my fill orders on a slow day wont be worth my commission costs, so keep that in mind as a risk. This is more a game of small returns when not much is going on for you. In my case on $2000 I'm hoping to make around $300... but I have a few other small price stocks I do this with and it's currently less than 5% of my portfolio in penny stocks/short term plays...