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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote (48226)5/24/2000 3:27:00 PM
From: lakers17  Read Replies (1) of 150070
 
Jim...

Since I don't momo trade for the most part and this market is very crappy I have good till cancel orders(GTC) in on about 10 stocks. This way if one spikes I get a fill. Yesterday they gave me .17 when my sell GTC was .15. They probably matched me up with a .17 buy and did a match on the order so they could wipe both off the books.

If I had a ton of cash I'd be buying my longs like crazy. Unfortunately I'm tapped out all tied up in stocks most of which are down.

I broke my cardinal rule the other day and paid for it. Don't chase stocks by selling at a loss to chase another one. I almost never sell pennies at a loss and chase other stocks till tax selling season on December. I had bought MBSC at .10 and sold at a loss at .07 to buy more BMKS at .33. Well MMSC spiked when the E came off to .11 by .15 a few days later and BMKS is down to around .22. I bought more of it today.

Lakers
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