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Microcap & Penny Stocks : RHOMBIC CORP.(NUKE.Nasdaq BB) Daimler Benz Aerospace JV

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To: REB who wrote (186)4/13/1998 10:05:00 PM
From: Jim Ilchyshn   of 1364
 
Reb,
Thought that I just might add my 2 cents here...
One method I like to use for purchasing stocks that I have an interest in is to buy 1/2 the amount of shares I would like to hold at the market price. (eg. bid .24 - ask .28 > buy at .28 so I am not chasing it) If the stock drops in price, say back to .20 (ask) I will buy the remainder of the position, or even put a buy order in at the price you are willing to pay and leave it there for a couple of weeks.
Good Luck,
Jim.
P.S. The only caveat with this method is that if you are buying small lots, the commissions kill you!
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