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Microcap & Penny Stocks : NETZ - gets deal with DEC! future 100 bagger? -- Ignore unavailable to you. Want to Upgrade?


To: DAY TRADER who wrote (77)11/18/1997 10:30:00 PM
From: TokyoMex  Read Replies (5) | Respond to of 1702
 
Never Never a Blind Market Order !
On a momnetum stock MMS will take the profit at open.
Wait for what they call 10AM effect, where all momentum stocks will fall back on profit taking.
Happens all the time. The most of the days lows happen here.
As you watch sell shud be bigger than buy and as sell gets taken out new buy will be coming in. Thats when you jump in some where the balance of sell and buy meets but a flick of a second faster than the buy to get the limit order you want. (This is gut feeling thing)
Then there is lunch hour buys where all the Johns and Janes during their lunch hour buys, the stocks they been watching if there is momentum build up.(People like to buy when it goes up not when its down like a dog, forgetting buy low sell high) Then it settles back again after lunch till 3 PM .
Then again this time 3 PMers move in these guys are precise and agenda buying guys counting on either closing dump or next day pop.
This is a common scenario with most of the fast stocks.

Now inbetween, we have what we call MMs shake tree several times, where they hide behind INCA and box the stocks with BS bid and ask duping buyers or sellers. On huge volume and fast strong up momentum this is useless however to a certain point.

If you are having problem with decimal buys best is limit order over the phone. Dont take chances with market order. It could take you out at 3/4 and come back down to .42 in a flash.

Joe TPRO