Ralom, your post reminded me of an article I saw recently about the 9-10c range. Thought I'd post it here in case others find it interesting, seeing as PYC may now be operating in that range - though punching straight through seems likely - and preferable!
GLA
Why I Hate 10 Cent Stocks - Kerry Sun - Market Index
The order book for any 10 cent stock usually looks something like this:
- Buyersat 10 cents – 4,591,395 shares
- Sellersat 10.5 cents – 7,401,301 shares
With both sides so stacked– The stock does absolutely nothing for a very, very long time.
One of the big problems with 10 cent stocksis that they move in 0.5 cent ticks (so every tick is worth ~5%). But when the stock trades sub 10 cents, they move in 0.1 cent ticks (so every tick is worth just ~1%)
Why does this matter?Picture this scenario:You've just set the parameters for a 10% profit and 2% loss (excluding broker fees).
- Place a bid at 10 cents and wait to be filled
- The bid gets filled and you place a sell order at 11 cents (or 10% profit)
- Set a stop loss at .98 cents (or 2% loss)
Even if this strategy works once and you get stopped out four other times – You're still profitable!
For that reason, you’ll often see stocks like Aurelia Metals ping pong like no tomorrow.
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Ralom, your post reminded me of an article I saw recently about...
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Last
$1.15 |
Change
-0.050(4.17%) |
Mkt cap ! $670.7M |
Open | High | Low | Value | Volume |
$1.18 | $1.20 | $1.15 | $146.7K | 125.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 71742 | $1.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.20 | 11949 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 71742 | 1.150 |
1 | 50000 | 1.140 |
1 | 6756 | 1.130 |
1 | 889 | 1.125 |
3 | 9261 | 1.100 |
Price($) | Vol. | No. |
---|---|---|
1.200 | 11949 | 2 |
1.205 | 2270 | 1 |
1.210 | 6000 | 1 |
1.220 | 5596 | 2 |
1.230 | 15000 | 1 |
Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
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