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Microcap & Penny Stocks : Change Just $300 into much MUCH MORE!!! -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Miller who wrote (24)	2/25/1998 9:04:00 PM
From: John Schmitt	Read Replies (2) \| Respond to of 174

Well, it's definitely hard to say when is the best time - it varies from stock to stock and day to day. It seems that usually fifteen to twenty minutes after the open is a good time to buy. I generally, as a rule of thumb, don't buy at the open - although that sometimes is a good time to sell. I wouldn't suggest skipping class to do this - I too have class tomorrow when the market opens. You are right in your worries, though; if you put in a limit buy order and the ask price never goes below your order price - you won't get in. However, if you put in a limit buy order at a price that is currently higher than the ask, it will fill it at the current ask price. As an example, when NETZ opened this morning at 1 1/8, I waited a bit and put in a limit buy at 1, even though the ask went to 13/16 (since as you know, etrade can be a bit slow at times and I was worried that by the time my order was going to be executed that the ask would be above my limit price - if I were to have set it at 7/8 or something). My order was filled at 13/16. I guess you just have to figure out what you are willing to pay for the stock and set that as your limit price (this of course would be determined by how much you expect it to go up...). Anyhow, I hope this helps... John