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Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI) -- Ignore unavailable to you. Want to Upgrade?


To: Y2k_fan who wrote (264)3/23/1998 7:45:00 PM
From: James Marks  Read Replies (1) | Respond to of 2887
 
Jeff, please do not let the comments of any single individual stop you from your usual positive posts. I for one know for a fact that your posts on the ozon thread and also here have benefited each and every stockholder.When you take the time to do such an incredible job to inform all of us who don't have that skill,& do research and compose the way you do, I for one am more than grateful.You and Sri are the major source of current information on all the technical aspects of this Co.I would rather spend my time fishing and read the results of all your hard work. All of us have become more confident of the Cos potential,and as we see the price of this stock rise as we did today,many owe their increased positions in shares because of your diligent and tireless efforts. You keep posting just the way you always have and we will all pat you on the back while were depositing our gains at the bank.I for one will keep fishing and keep thanking these gentlemen for their efforts!Go ABMI Jim Marks



To: Y2k_fan who wrote (264)3/23/1998 9:23:00 PM
From: Linda Kaplan  Respond to of 2887
 
Fan,

I have placed limit orders in 64ths through Waterhouse. I have one as a GTC in my orders list right now.

Linda



To: Y2k_fan who wrote (264)3/23/1998 11:36:00 PM
From: Jeffrey L. Henken  Read Replies (1) | Respond to of 2887
 
OFF TOPIC REPLY CONCERNING LIMIT ORDERS:

I think you already understand the problems with a market order on a day like today. If you also suspect there are problems with a limit order especially on a day like today you would be right as well.

I have admitted to and discussed greed as a factor in our stock trading on the thread already. But that 's not our only problem:

You see market makers are greedy too!

The trouble with limit orders with a penny stock like ABMI is that the likelihood of you getting your order filled on a day like today is nearly zero.

You see the market makers are dead set on making as big a profit off of any trade as possible. So while you can place a limit order on a penny stock getting it filled is next to impossible without a great deal of screaming at your broker.

They simply don't want to match your limit price to available sell orders when they can make a trade at the market with a bigger profit built into the spread.

Help could be on the way, and you can help by expressing your opinion with the NASDAQ Stock Market. Please head to the following URL:

nasdaq.com

Here is an excerpt:

The Nasdaq Stock Market is asking the Securities and Exchange Commission for permission to make exciting new changes that will provide investors' limit orders greater accessibility to other investors' limit orders. This system will allow investors to participate through their broker in a market-wide, automatic matching limit order system. (A limit order allows an investor to pinpoint a price by indicating the exact level at which they would like to buy or sell a stock.)

Good luck Fan..... Remember the SEC is here to protect us if and when your trades are not executed properly.

My thanks to all the people who were kind enough to thank me for my research and positive nature today. The future trading of ABMI probably has very little to do with the DD that has been provided here on this thread. Probably but then again maybe it has helped. If in the end just a few investors are able to profit from the information we provide here then that is thank you enough. To all those who have contributed some great research yourselves believe me I appreciate it as well. Keep up the good work and lets hope we see ABMI continue upward.

Regards, Jeff