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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (37417)	3/17/2000 2:55:00 AM
From: Due Diligence	Read Replies (4) \| Respond to of 150070

Observation: If the MM's think the stock is going down-->instant fill, no problemo! Instant execution! If the MM's think the stock is going to rise---> be prepared to call the broker(especially a discount broker) raise holy cane, ask for a trade inquiry that they just hate, and wait to get filled, if ever. Welcome to the massive monies entering the "pennies" lately. BTW: Sometimes they do make a mistake.

To: Dave Gore who wrote (37417)	3/17/2000 7:13:00 AM
From: Tom Allinder	Read Replies (1) \| Respond to of 150070

Dave, excellent post... It is very true. Been saying it for years now: MMs are not interested in an orderly market, just making money. And guess who's money it is? Tom

To: Dave Gore who wrote (37417)	3/17/2000 8:45:00 AM
From: Snowman	Respond to of 150070

Good info for all in that post..thanks.

To: Dave Gore who wrote (37417)	3/17/2000 8:45:00 AM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

That is a great post Dave, I've seen it before somewhere, and I think I used a line or two from it in my "reminders" post. What works for me, is using a bit of both strategies, that is taking full advantage of a momo on one I'm in, to reduce risk/reward, then sit long with free, or at least very cheap stock, and use the initial investment and/or profits, for the next one. But it's also easy to get the "trader mentality" even with the freebie stock. Impatience on my part, watching free ones sit and idle, or drop back, and then selling them off, only to see them take off, hours or days later.......has cost me literally hundreds of thousands of $$ in money left on the table.....so far this year alone. And the worst part is, once I've sold one off completely, some psychological barrier, often keeps me from jumping back in when I should, and I'm off looking for new ones.