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


To: BJ Cooke who wrote (218)11/19/1997 5:52:00 PM
From: Tony C.  Read Replies (2) | Respond to of 1702
 
Barbara,

Well, I'm sorry that you had to learn the hard way about those market orders at the open. I learned the same way as I'm sure many others here did. Hopefully, CSMA will close the week up from where you bought it. I own some of that as well and it looks to be a good company and good stock.

From my experience with these OTC-BB stocks, I find that in MOST cases (with many exceptions of course), you get the best price right at the close for the day. I'm not sure why this is, but it seems to be the case. If a stock is rocketing upwards, it's probably better to just jump in if you believe in it, but if it is just moving up and down in a trading range, I feel that it's better to place a limit or market order a couple of minutes before the close. I've gotten some very good prices that way. But as a rule, avoid the open and probably avoid lunchtime when a lot of people on their lunch break often buy and push the price higher for a little while.

Good luck,
Tony