I was wondering about the possibility of trading this stock on a regular basis - say 2 times a week. I see that over the past year, the stock has fluctuated between $0.004/share to $0.014/share, with daily fluctuations of around 25%.
Would it be possible to wait for a fall then buy stock, wait 2 or so days and then sell for 25% profit? I know that this must be trading in it's most simple form and I haven't considered any charting methods here or even thoroughly looked at the background of the company ( which I am used to doing since I am more of a medium - long term investor )
I am sure that there are many stocks that could be traded this way - I know some people in this forum have traded MUL in this manner. Sorry I really shouldn't devote any more discussion to MUL than necessary
A relatively small trade of $1 - $2000 even once a week could s profit of $250 - $500 profit( roughly halve that to take into account brokerage and CGT costs )