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Microcap & Penny Stocks : VLVT (was CSMA)

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To: jan_mike who wrote (10444)1/6/1999 6:50:00 PM
From: TraderGreg  Read Replies (2) of 11708
 
A 1% stop would not work too well for some of those I-nets. ONSL closed one day at like a 100. It opened at 108 and within 20 minutes it was at 48!!

Pick a point and choose to sell...no coffee, bathroom breaks. Keep eyes on the quote server at all times, level 2 is highly desirable and then place Limit orders below the current market bid. Though I have no proof, I believe a limit order placed outside the current market will fill below many market orders placed at the same time.

TG
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