Let's face it folks, the reason CIM's daily volume is so high is because HFT hedge funds and institutions are playing the sub-penny spread against us. When CIM's share price is sub-$5.00, the temptation, and the capital required, to run this scam against the retail trader is all the greater.
It's scandalous, and the latest Wall Street rip-off.
Well, that is the rip-off, their ability to execute tenth of a penny orders, while retail can only execute to the penny. They have a $0.0099 spread they can use against us. For example: buy at $3.9501 and sell to the sheeple at $3.9600. Multiply that by thousands of trades a day in a high volume $4 stock, and the profits quickly add up. Get it now?