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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration
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To: Rick Voteau who wrote (10668)5/6/1999 6:41:00 PM
From: Alan Coccio  Read Replies (1) of 10903
 
Rick, I'll try to answer your questions but let's start with the price. Lowest bid price today was 75 cents and there were just a couple of sells that hit that bid price. I'm not sure which service is giving you the .68 bid and low price of .73 but they appear to be wrong.

Yes, the published bid/ask is the highest bid, lowest ask price among the market makers - also called the "inside" bid or ask price.

No, all the trades were not buys. Some were very clearly sells and some appeared to be negotiated sells, e.g., the several sells that took place at .765.

You're absolutely correct about your supposition that those placing market orders are getting filled at the extremes (not necessarily at the posted prices either) and the limit orders are doing much better at getting the price they want. Never, never, never place a market order on a Bulletin Board stock other than when a stock is moving so rapidly that any limit price would be exceeded by the time your order hit the market. I use market orders only to sell a position when the price is moving upward.

There is a wealth of information I could give you but I would exceed the space limitations of SI. The fundamentals are very important to know though since it's your money on the line. We can pick this up at another time if you'd like.

Alan
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