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Microcap & Penny Stocks : Big Contest -Who Wants To Try To Make $$$ Post Your Picks! -- Ignore unavailable to you. Want to Upgrade?

To: Old Stock Collector who wrote (70)	12/26/2001 10:13:56 PM
From: bbgold	Respond to of 163

Hi OSC, Island is like it's own little trading world. It would Definitely be nice to trade on it. I have seen some stocks have 25-50% overnight gains on Island that were never realized when the markets did open. I picked up a strategy from Aduke that I call the Aduke Method. You find a stock like WWWN that has a nice trading range. Then you put in a buy order at the low and just wait for it to be filled. Once you fill you immediately enter a sell order somewhere lower than the top of the trading range. To use this strategy with WWWN you could enter a buy order at .022 and a sell at .025 and see if it fills. The best thing to do would be to look at the Level 2 for a day or so and see what the order sizes are that fill at those levels. There might be a Lot of sells at the bid and only a few buys at the ask to make up the trading range. In case you are wondering, I have some WWWN from .024 to .026 and my sell is in at .03, for now. I did manage to sell a few shares at that price at the beginning of the month but now may be stuck bagholding the rest of them for a while. If you have a broker like RJT that has $5 commissions then you might be able to trade the WWWN swings with a small amount of shares. The Aduke Method works best with a small amount of shares. BTW, the Aduke Method is something that I made up and not something that Aduke endorses <GG>. Good Luck OSC! :^)