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How to buy at .0001?

post #1 of 10
Thread Starter 
When a stock is at .0001, is it possible to pick up shares at this price, or do you usually have to go in at .0002 - bottom play? Any pickup at .0001 means amazing gains, but I've only been able to pick up .0002's...
post #2 of 10
Quote:
Originally Posted by ChandlerXJ
When a stock is at .0001, is it possible to pick up shares at this price, or do you usually have to go in at .0002 - bottom play? Any pickup at .0001 means amazing gains, but I've only been able to pick up .0002's...
There are two ways to increase your chances:

1. place an order and leave it GTC for long periods of time.

2. Make sure you don't place a AON.

My personal opinion is they are a the biggest risk possible. They will most likely:

1. disappear
2. Reverse split
3. Merge with a share reverse.
4. or stay there for extended periods of time.
5. maybe pop one day 5-10x

Good luck with these.
post #3 of 10
Quote:
Originally Posted by ChandlerXJ
When a stock is at .0001, is it possible to pick up shares at this price, or do you usually have to go in at .0002 - bottom play? Any pickup at .0001 means amazing gains, but I've only been able to pick up .0002's...
Hi. Check out the Level 2's, which I believe you can find on pinksheets.com quotes.

It sounds like you're buying a stock that has a bid of .0001 and ask of .0002 and that's why you're buying at .0002.
There are stocks out there with a ask of .0001 which typically means there is no bid(or price you can sell at). You're stuck with the stock until the ask reaches .0003. That way you can sell at .0002 for a 50% gain.

.0002 stocks are fine too, because when the price upticks, just like buying at .0001 there's a large gain.
post #4 of 10
Thread Starter 
Nice... so if a stock is hovering at .0001 and i put in a buy for 1,000,000 shares at .0001, will it fill?
post #5 of 10
Quote:
Originally Posted by ChandlerXJ
Nice... so if a stock is hovering at .0001 and i put in a buy for 1,000,000 shares at .0001, will it fill?
It should, I have 1.2mil of a $.00015
post #6 of 10
Thread Starter 
when a stock is at .0001 is the bid at .0001 or .0002? if i put it at .00015 i think i have a better shot of getting 1 mil shares at .00015 when its at .0001
post #7 of 10
ya sometimes it fills, sometimes it doesnt. its hard to pick it up at .0001. i got paim a whle ago at .0001 though.... but most dont go lower than .0002
post #8 of 10
If you want to buy some stock at .0001 - go check out the JMCP thread. You can buy as much as you want today at .0001. I actually have some as a long term lotto ticket play.


Quote:
Originally Posted by ChandlerXJ
when a stock is at .0001 is the bid at .0001 or .0002? if i put it at .00015 i think i have a better shot of getting 1 mil shares at .00015 when its at .0001
post #9 of 10
You can buy JMCP at .0001 all day long. I buy as I can, never had trouble filling at that price. My little lotto ticket as well. GO JMCP!!
post #10 of 10
Bigger problem is usually selling. Figure if your going to take 2 days to fill it, it could take 2 weeks to sell it. I'm sure there are folks out there stuck with sub-pennies that traded hot for two days and now have 0 volume and they can't sell for any price.
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