I would definitely NOT put in a market order for the open on any stock. There is usually a pullback @ 10-10:30 where you canplace a market order when you see the stock is down. This applies in general to all stocks but ESPECIALLY the volatile ones.
CNRS has had quite a runup the past few days, so there will be some profit-taking. I should think you may be able to get in (& should wait to) @ 2$ or under.
On stocks that I am looking at, I usually put in a GTC (good till cancelled) limit order at a price I would feel comfortable owning it. Sometimes you have to wait a few weeks, but inevitably, I ALWAYS get it for that price, eventually. For instance, I had put a GTC limit order in on Excite (XCIT) @ $61. This was the day of the huge run-up last week--I think it was well over 80$ and I thought for SURE I'd never catch it at that---Well wouldn't you know, a couple of days later all the internet stocks tooka a dive, along with Yahoo, and XCIT (which was also "downgraded") opened @ 59+ --so now I own 100 shares @ 59+... I'm glad I DIDN'T ttry to catch it!
RE: CNRS -- Unfortunately, I was forced to liquidate the 1000 shares I owned at around 2 1/2 last week, to cover a margin call, otherwise I would be holding to see what is panning out ahead--could be good, or could be hot air.
Just remember five things & you'll be okay:
#1 NEVER "chase" a stock.
#2 Wait for a market downturn to get the best deals on volatile tech & internet stocks. That way, you minimize your downside risk and can "ride-out" any future market corrections.
#3 Take some Profits on the huge run-ups.
#4 What goes way up-must come way down. Every stock takes a breather after large gains, so it's always best to watch & wait.
#5 PLEASE DO NOT TRUST 99.9% of the Message Posters on these Boards! Altho Silicon Investor is not as bad as Yahoo & the other freeboards, you still have to watch carefully for hypesters & pump-and-dumpers.
Good Luck!
Diana |
