I will second that I use to trade the illiquid nasdaq stocks for years until around 2010-2011 when hft and internalization became the norm for these stocks. you literally can not get a fill on the bid or the offer in these stocks unless it was ready to go against you. and if you were long and tried to sell on the offer and you got taken it means that stock is going a hell of a lot higher. you absolutely can not compete for prints in this day and age. I would love to make spreads in these stocks all day long even 100 shares. I turned to pinks and bullies and those markets are like the wild west. there are no hft in these stocks as far as i can see but i am not looking to make a spread I follow the mailers and scan for beginning volume after these reverse mergers and follow the volume. now that I have found a way to short these things I get short and watch them plummet. I have always followed manipulated traders and followed their lead, I do the same thing now as well thats the edge. I have no desire to guess on where the s&p is going to be, technical breakouts, wondering whos got money on one side for their agenda. take the educated guess work out and trade these because the agenda is very clear cut. KISS is still a very good approach
re my previous post, my comments are ONLY the 2nd and 4th paragraphs - i was responding to the previous poster's comments.