hi, im a new trader, and i noticed the stock imds fluctuates rapidly from .00008 to .00018. would buying this stock double your money if used right? what are your opinions
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hi, im a new trader, and i noticed the stock imds fluctuates rapidly from .00008 to .00018. would buying this stock double your money if used right? what are your opinions
yes buying at .0001 and selling at .0002 can double your money, but you have to be able to get filled both on the buy and the sell. It's like gambling. If you buy at .0001 you may never be able to sell it. The other risk is if the company decides to do a reverse split, thus raising the stock price and decreasing the amount of shares you own.
They do this so they can sell more shares at a higher price but it causes the price to go down again. I hope it works out for you. Good Luck.
This company is broke, hence why it trades at .0001. Thus, they will have to sell more shares somehow. To me this has reverse split written all over it.
Most of the volume today was at .0001, so someone is selling for sure, so it may be easy to buy at .0001, the hard part will be selling at .0002. Just think about how many other traders are trying to do the same thing....
