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Msg  16471 of 16755  at  6/2/2023 5:43:29 PM  by

Hodag


 In response to msg 16467 by  JerryC
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Re: CRO (iclight sees no light, ever)

Jerry,
 
Realistically, can anybody make money as a paid shill (pumper or basher) on a stock like this?  I will grant that maybe that can be done on some higher volume stocks with a price that is still a few dollars, but this one? 
 
When stocks get to the OTCBB, volume numbers become inflated because brokers don't like to hold inventory so, instead of holding inventory for a penny stock they don't follow, when there is demand they buy from one of the wholesalers and sell through to their client.  That causes a double count because both the broker and the wholesaler report their volume on every trade.  If the wholesaler doesn't have the stock, they may have to get it from another wholesaler, setting up the possibility of a quadruple count. 
 
So, even though the nominal share volume looks like it is trading about $600K per day, it is likely much lower.  Does that leave enough profit margin for somebody to pay the shills and still make money?
 


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Msg # Subject Author Recs Date Posted
16472 Re: CRO (iclight sees no light, ever) JerryC 0 6/2/2023 8:11:36 PM




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