Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: stan s. who wrote (79971)	2/28/2000 10:45:00 PM
From: Mike E.	Read Replies (1) of 108040

Oh great, this bb superconductor (PATSE) I mentioned in passing yesterday was up over a thousand %... Wow! And that was at the close. Looks like it hit $10 intraday and my internal calculator does not go that high! The joys of OTC:BB, Brokers and MM's that are free of all those cumbersome NASDAQ rules in that arena: At ETrade I put in a limit sell of 20000 VMAX @ .34 when it was .35 x .36. Got this back immediately: Your day Sell order for 200 VMAX at 0.34 was executed at 0.345. Partial fill, leaves 19800 shares. Yes, that's right, a whopping $69 trade! It sat and sat (20 mins. maybe) until price moved to .34 x .35, no fill, then to .33 x .34. Ok, so I change the limit order to sell at .33. Guess what? Your day Sell order for 200 VMAX at 0.33 was executed at 0.33. Partial fill, leaves 19600 shares. That's right, a $66 trade! I can see the ETrade chimp sitting there executing these and laughing all the way!** And we sit again. Now price moves to .32 x .33, mind you this is not fast action, but orders are being filled. So I change it to limit of .315 and here we go again: Your day Sell order for 200 VMAX at 0.315 was executed at 0.32. Partial fill, leaves 19400 shares. !!!!! (Those are cuss words now.) What's up with this??? FINALLY: Your day Sell order for 19400 VMAX at 0.315 was executed at 0.32. It took from 11:55 CST to 1:39 CST for me to get rid of those shares. I work HARD for this money! mike

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