For those of us who do dabble in sub-penny stocks can tell you that they RARELY if ever pop to $0.50/$1 in a single day of trading. Not to defend the fact that I ever short them because I do not lol. That being said, if a sub-penny stock jumps from less than a penny to $0.50-1, it would surely result in the trading of the stock being suspended because of some sort of market manipulation and more than likely a return of your investment. Your possible prediction of a "famous sponsor" to increase a
stock by +5,000-10,000% is just naive. I think your overall point though in that sub-penny stocks are very volatile and it should be taken with caution when trading them is very supportive and is why I ALWAYS use a stop limit on quote when trading them.
@TheBULLet Naive? A ProfitLy member in chat last June was bragging about sub-penny stocks. He had manage to short $800 worth (where he found the shares to short is beyond me.) The shitty company has a patented piece of tech that just happen to be of interest to a Java Programming Company. Just the rumor of the company's interest in it cause the stock to jump to 47¢ in 5 minutes. He lost the $3000 he had in his account, and owes $187,000 to his broker. Shorting a sub-penny stock is insane, period
I don't disagree with you at all, in fact I agree 100%! I've shorted a sub-penny stock twice when my account was significantly smaller & I was mildly successful each time. But when I did I executed them, I called my broker and they allowed me to do a buy-stop order to insure my position would be covered if the stock jumped +5%. I'm not in to shorting any stock under $0.50 anymore but I do believe if the orders are executed with precision and accuracy then it can be done successfully.
For those of us who do dabble in sub-penny stocks can tell you that they RARELY if ever pop to $0.50/$1 in a single day of trading. Not to defend the fact that I ever short them because I do not lol. That being said, if a sub-penny stock jumps from less than a penny to $0.50-1, it would surely result in the trading of the stock being suspended because of some sort of market manipulation and more than likely a return of your investment. Your possible prediction of a "famous sponsor" to increase a
stock by +5,000-10,000% is just naive. I think your overall point though in that sub-penny stocks are very volatile and it should be taken with caution when trading them is very supportive and is why I ALWAYS use a stop limit on quote when trading them.
@TheBULLet Naive? A ProfitLy member in chat last June was bragging about sub-penny stocks. He had manage to short $800 worth (where he found the shares to short is beyond me.) The shitty company has a patented piece of tech that just happen to be of interest to a Java Programming Company. Just the rumor of the company's interest in it cause the stock to jump to 47¢ in 5 minutes. He lost the $3000 he had in his account, and owes $187,000 to his broker. Shorting a sub-penny stock is insane, period
I don't disagree with you at all, in fact I agree 100%! I've shorted a sub-penny stock twice when my account was significantly smaller & I was mildly successful each time. But when I did I executed them, I called my broker and they allowed me to do a buy-stop order to insure my position would be covered if the stock jumped +5%. I'm not in to shorting any stock under $0.50 anymore but I do believe if the orders are executed with precision and accuracy then it can be done successfully.
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