selling at .0002?
hey all. i'm brand new (just about) at penny stock trading. I bought some BP stock when the oil plug got fixed and had about a 20 dollar profit after commissions in a few days, and scored big on Liquid Metal at 300 bucks profit after 4 days, after it spiked to 1.70 but i sold too late.
I'm basically trying to play a few stocks for fast profits with ~500 bucks invested, just to learn the system and get my feet wet.
I found a stock that consistently goes from .0001 to .0002 and back down to .0001 again, throughout the day or every other day or so.
My question is, I am about to put in a limit order to buy 4.3 million shares when it goes back to .0001 and then sell it at .0002 to double my investment. will this work, or is there something that would prevent the return due to the share price being so low? thanks for any assistance!
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