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To: TheBusDriver who wrote (2476)	10/4/2001 7:41:28 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 4051

Well, Wayne, I don't call getting filled at the limit price you wanted "getting screwed" in particular, so we're going to have to agree to disagree on that one. Just because it was "mysteriously filled" prior to big news release is just good business from a marketmaker's perspective. Just think what would have happened to you if you HAD NOT put in a limit order. I'm afraid you've made my point for me, instead of illustrating a little guy screwing. Once you've made a decision to buy or sell and put in that limit order, you have to live with the consequences. It does NOT automatically become a "screwing" because your orders were implicitly followed! What most investors don't understand, penny-stocks or "big ones" notwithstanding--a company MUST keep the marketmaker appraised of non-public information in order to have an orderly market in their own equity. It is a MUST, a common practice, the way things are done, etc. There wouldn't be a marketmaker system if there weren't liquidity specialists up to speed on "the day before a big news event" such as you experienced. So, may I suggest that your 2c below bid price was what you asked for AND what you got...regardless of when or why it was filled. When the news broke, you had every right to hit the market with a market order buy, accept the spread, and get back on for a 2-3 day ride, even tho' I agree you would have forfeited some pennies by doing it that way. I simply don't see anything but a tad of the greedmonster raising its head in your example, Wayne. All of us, 3 and 4 levels down in the "parsing of insider info" game aways wish we knew more, sooner, etc. But that is all it is: wishing. The times that I've known pre-public information, I've had to discipline myself to NOT trade on it, but have had to wait for the news to be released so that my buys and sells are on an even keel with everyone else after the press-release. It is not only ethical, it is required by SEC. Of course, the financial "incentives" of legal costs, jail-time and treble fines of all profits from trading on inside information either buying or selling" are powerful inducements to play the game correctly. RE: Penntrade not licensed in all states...yes, 'tis true...but how does that affect you over there from your Scottish perch. People confuse "not licensed to trade in all states" with the point I'm trying to make: and that is, Canadian firms who do NOT have the proper paperwork done, submitted, and approved by the SEC to even trade down here in the states ARE TWO DIFFERENT MATTERS. We on the same page anywhere in this reply?<vbg> gold_tutor

To: TheBusDriver who wrote (2476)	10/4/2001 7:46:27 AM
From: IngotWeTrust	Respond to of 4051

<dup delete>EOM

To: TheBusDriver who wrote (2476)	10/4/2001 7:48:08 AM
From: IngotWeTrust	Read Replies (2) \| Respond to of 4051

While we're visiting, Wayne, perhaps the rest of the readers on this thread (with the exception of AK AK...) could benefit from a round table discussion of just WHO is between us as penny-stock players and the "news" source on any given Canadian play. (And while we're discussing...is this "who knows what when" game different for US listed Canadian issues than US listed issues be they small or large cap?) Might help on the feeling "less screwed" and promote more trading discipline, and subsequent profits to the bottom line for all of us. Might be enlightening. You go first<g> I'm sure hoping Bob and Claude will weigh in on this as we flesh out this discussion re: "who knows before WE know" especially in pennies. Your turn.... gold_tutor