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Microcap & Penny Stocks : DFNL - Definition, LTD -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (273)	3/8/1998 11:01:00 PM
From: kgreen	Read Replies (1) \| Respond to of 723

Just tossing in my two cents on market orders. If you do not use a good broker, you'll get killed. Market orders on penny stocks in moving markets are deadly. If you have a good broker with a trader on the floor, you stand a chance. The trader can negotiate you through. Without a trader, the MM's can do whatever they'd like.. and you're going to pay more or sell for less. That's the bottom line. If the company's not for real, you'll have a hard time selling large positions into a rally. It's virtually impossible to clear a large position on a limit. The MM's will simply reach around you. You have to roll the dice, and you'll almost always lose a few cents. on a market sell.. and you'll almost always pay a few cents more on a market buy. The evil sin of OTCBB... Kath