LL Knickerbocker(KNIC)/Pure Energy Corp Message Board

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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp

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To: Michael Erickson who wrote (114)	1/18/1997 1:54:00 PM
From: Steven Messina,L.M.T.	of 1028

Mike, That's a difficult call to make. If you had asked this question on Friday, I would have said to place a market order and/or around 7 1/4 bid....however this is the weekend, and as we all know Monday( is the market even open? ) is THE WORST time to buy a stock...especially at the open, so placing a market order on a Monday is pure suicide IMO. Placing a market order , PERIOD, is suicide. The MM's just love market orders over the weekends!! So my advice to you Mike is to get up SUPER EARLY on Monday( tuesday) morning and have your computer on...log on to your online broker......have your limit order filled out ( excluding your bid price ) .....and just sit there until the opening bell rings, and watch your intraday chart like a bandit. If it IMMEDIATELY begins to tick upwards past 7 3/4 to 7 7/8ths...then to 8......put in a bid between 8 and 8 1/4 immediately, because KNIC has just broke through resistance. However, if KNIC stays around 7 3/4 for about an hour or so ( doubt it, but if it does) ...place your bid between whatever the spread is. Dont be stingy quibbling over 1/16ths and 1/8ths......that has burned me many a time! Hope this helps, Steve

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