From my post #233: The retail investor market i
Post# of 9122
Posted On: 09/16/2014 7:49:10 PM
From my post #233:
The retail investor market is dead for nnlx for the following reasons:
1. This is a pink sheet stock.
2. The stock is thinly traded.
3. The trend has been decline regardless of the good news.
4. The premium (difference between bid and ask) is huge.
5. It is not possible to purchase a big lot of shares at the ask without driving the premium even higher.
6. It takes extraordinarily long to get shares filled at the bid.
Read More: http://investorshangout.com/post/view?id=1953...z3DWZocflY
The following describes the typical experience of friends of mine who thought to invest on my recommendation within the past year, but did not have the time nor interest to find out more about the Company. In other words, they decided to buy shares on the open market because they trusted my judgement.
The size of their intended investment was typically over $10k, but they all gave up after getting a few thousand dollars worth in the span of 1 week on average because it took too much effort on their part to get filled. They weren't happy about the large spread between the bid and ask and they were put off by the fact that there never were enough shares offered at the ask to fulfill their entire order. Furthermore, when they did peel away the first few orders at the ask, they were suddenly faced with an even larger spread. When they placed order on the bid, they found their orders buried with the occasional mediocre partial fills which they found extremely frustrating.
So they gave up on the retail market.
The retail investor market is dead for nnlx for the following reasons:
1. This is a pink sheet stock.
2. The stock is thinly traded.
3. The trend has been decline regardless of the good news.
4. The premium (difference between bid and ask) is huge.
5. It is not possible to purchase a big lot of shares at the ask without driving the premium even higher.
6. It takes extraordinarily long to get shares filled at the bid.
Read More: http://investorshangout.com/post/view?id=1953...z3DWZocflY
The following describes the typical experience of friends of mine who thought to invest on my recommendation within the past year, but did not have the time nor interest to find out more about the Company. In other words, they decided to buy shares on the open market because they trusted my judgement.
The size of their intended investment was typically over $10k, but they all gave up after getting a few thousand dollars worth in the span of 1 week on average because it took too much effort on their part to get filled. They weren't happy about the large spread between the bid and ask and they were put off by the fact that there never were enough shares offered at the ask to fulfill their entire order. Furthermore, when they did peel away the first few orders at the ask, they were suddenly faced with an even larger spread. When they placed order on the bid, they found their orders buried with the occasional mediocre partial fills which they found extremely frustrating.
So they gave up on the retail market.
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