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Microcap & Penny Stocks : ALYA Cost cutting system via software as well as security
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To: MeDroogies who wrote (1042)6/26/1998 11:34:00 AM
From: DrMedina1  Read Replies (1) of 2534
 
Re: your stop loss, it can work the same way on a buy, too. That's why it's important, if you are adding to a position, not to put in a limit order below the market. The MM's may grab it, and use it as an excuse to lower the bid to shake shares.

Wait until you see an asked you don't like -- in other words, one that you think is well below where it's supposed to be -- after a series of downticks on small volume. Then you be the one who grabs it. You will frequently have trouble getting filled on a limit order on the ask in a situation like that, but since you already have a position, who cares -- either you get more stock cheap, or the MM's jerk the ask, and your existing position moves up.
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