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Microcap & Penny Stocks : Liteglow (LTGL)

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To: Chris land who wrote (517)3/4/1998 1:07:00 AM
From: Jim Johnson  Read Replies (1) of 4715
 
Chris, I do not know about todays action you posted about, but in the past I have seen a MM view a stop loss order at a very low price, then momentarily drop the bid, buy the stock incredibly cheap and immediately raise it again to the previous level or near there. My suggestion is to NEVER institute a stop loss order on these penny stocks! It is too easy for the MM to simply scoop them up cheap.

Jim J
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