AMERICAN BIOMED, Minimally Invasive Technology (ABMI) Message Board

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Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI)

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To: Y2k_fan who wrote (264)	3/23/1998 11:36:00 PM
From: Jeffrey L. Henken	Read Replies (1) of 2887

OFF TOPIC REPLY CONCERNING LIMIT ORDERS: I think you already understand the problems with a market order on a day like today. If you also suspect there are problems with a limit order especially on a day like today you would be right as well. I have admitted to and discussed greed as a factor in our stock trading on the thread already. But that 's not our only problem: You see market makers are greedy too! The trouble with limit orders with a penny stock like ABMI is that the likelihood of you getting your order filled on a day like today is nearly zero. You see the market makers are dead set on making as big a profit off of any trade as possible. So while you can place a limit order on a penny stock getting it filled is next to impossible without a great deal of screaming at your broker. They simply don't want to match your limit price to available sell orders when they can make a trade at the market with a bigger profit built into the spread. Help could be on the way, and you can help by expressing your opinion with the NASDAQ Stock Market. Please head to the following URL: nasdaq.com Here is an excerpt: The Nasdaq Stock Market is asking the Securities and Exchange Commission for permission to make exciting new changes that will provide investors' limit orders greater accessibility to other investors' limit orders. This system will allow investors to participate through their broker in a market-wide, automatic matching limit order system. (A limit order allows an investor to pinpoint a price by indicating the exact level at which they would like to buy or sell a stock.) Good luck Fan..... Remember the SEC is here to protect us if and when your trades are not executed properly. My thanks to all the people who were kind enough to thank me for my research and positive nature today. The future trading of ABMI probably has very little to do with the DD that has been provided here on this thread. Probably but then again maybe it has helped. If in the end just a few investors are able to profit from the information we provide here then that is thank you enough. To all those who have contributed some great research yourselves believe me I appreciate it as well. Keep up the good work and lets hope we see ABMI continue upward. Regards, Jeff

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