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Microcap & Penny Stocks : screening room

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To: James Strauss who wrote (4)	5/8/1998 1:56:00 PM
From: musicguy	Read Replies (4) of 212

I like $5 and under stocks... and there are PLENTY of listed and fully reporting stocks here ... as a general rule (there ARE no hard and fast rules) I like listed stocks better simply because the MM's have actual guidelines and rules they must follow. With a BB stock, they can screw you over BIG time... For market orders on BB stock, the MM must fill it in a "prompt" manner. Last time I looked in the dictionary, there was NO time limit on prompt... I've lost a LOT of $$ stupidly placing market orders that weren t filled until it was to the MM's benefit.. Limit orders protect that from happening, but there is NO guarantee that they will be filled. AND the MM's have 3 DAYS to tell you if it was filled...... One more point.... do NOT use waterhouse securities as your online broker... MG

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