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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies
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To: Jimmy Dell who wrote (18154)11/29/1998 12:24:00 AM
From: JEB  Read Replies (2) of 119973
 
Limit orders placed a 1/4 to a 1/2 (Depending on how far you expect the stock to rally) above the ask will get you in and protect you from paying too much.

This is a safer entry procedure than using a market order.

Too many horror stories on market orders.

If the stock gets away then you can usually catch it on a pull-back but you'll have to adjust your price and watch the tick chart for a good entry point.

Good trading,
JEB
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