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Microcap & Penny Stocks : ABMC (American Bio Medica) Up 58% today
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To: richard j. alt who wrote (3)7/10/1996 11:18:00 PM
From: Secret_Agent_Man   of 43
 
a market order is one that is placed without a limit price i.e. you get the price that the market sets. could be very hig and not where the closing price ends up to be, leaving you having paid to much. A limit order, is the most you are willing to pay, can be at the most recent bid/ask or a price where you think it will rise or fall to during the trading day unless of course you use a good til cancelled order instead of a day order...(Trading Basics)
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