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

To: Jeffrey L. Henken who wrote (273)	3/24/1998 12:39:00 AM
From: Y2k_fan	Read Replies (1) \| Respond to of 2887

One of the funny thing for stocks like ABMI: I placed a limit order at 3/4 this morning. And Waterhouse complained that the price was too far away from the ask and rejected my order. I tried several different combinations like 23/32, 22/32, 25/32, none of them worked. Later on, I used market order and got back at 0.73, which is only 0.02 of difference. I guess that this is one of the reasons that people are afraid of penny stocks. Actually, if you get used to the volatility of penny stock, you are going to fall in love of them just like I do!