ICVI (now MTEI) Message Board

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Microcap & Penny Stocks : ICVI (now MTEI)

MTEI 0.00400

-14.9%

Nov 18 9:31 AM EST

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To: DianaX who wrote (7077)	6/3/1998 1:52:00 AM
From: Richard B. Haenisch	Read Replies (2) of 11850

Diana, Hi, I just finished reading your post and would like to explain the mm action when it comes to market orders: If you notice a dip on real time quote and you place a market order trying to get the price you see, you are still at the market makers mercy. Especially if your lot size exceeds 500 shares (5X5). Let's say you placed a marketorder of 5,000 shares, they can fill 500 at one price, 500 at the next price and 500 at the next price all the way up to maybe 100% difference from your first fill - HONESTLY! So the only two ways you can make sure you get the price you are looking for is if you limit your lot size to 500 shares or if you put a "limit" order in good for the day (hopefully you will get filled). I hope that helps, Diana Don't worry in a few days these prices will be a distant memory and you wish you could have bought more here! Rico

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