4 ms·
Not really. First it's not sold on an exchange, it's only available over-the-counter, meaning very few brokerages are going to grant access to it. And even fo
by Kranar 13y ago
Not really. First it's not sold on an exchange, it's only available over-the-counter, meaning very few brokerages are going to grant access to it. And even for those who do you can't just submit your order anytime you feel like it and get executed against, you have to apply to buy the shares and the brokerage has to find a market maker willing to facilitate the exchange, it can take days for a trade OTC to go through.
Third, the volume for that stock is only 1.5 million shares a day, that's only 40,000 dollars worth of stock traded a day. To give perspective that's less than the average amount of Microsoft stock traded in a single second.
So no... you really couldn't have done this strategy.