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He is trading penny stocks with a market cap is less than $50 million, generally. http://www.investopedia.com/terms/n/nanocap.asp http://www.investopedia.com/t
by opendais 12y ago
He is trading penny stocks with a market cap is less than $50 million, generally.
http://www.investopedia.com/terms/n/nanocap.asp http://www.investopedia.com/terms/n/nanocap.asp
The amount of money needed to move the needle on these is very small, its why they are often used in pump & dumps.
He doesn't have anything to do with "Wall Street" which works with stocks that follow SEC rules, commodities, etc. in the way you mean.
- namecast 12y agoDeleted my response when I saw this better one. I'll only add these links as they're good for background: http://en.wikipedia.org/wiki/Slippage_(finance) http://en.wikipedia.org/wiki/Slippage_(finance) http://en.wikipedia.org/wiki/Market_impact http://en.wikipedia.org/wiki/Market_impact