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Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX) -- Ignore unavailable to you. Want to Upgrade?


To: Douglas V. Fant who wrote (1089)5/18/1998 5:55:00 PM
From: Mark[ox5]  Read Replies (1) | Respond to of 3129
 
No, its not 1000 ...

(I believe it *IS* 1000 on regular NASDAQ exchange though)

It is whatever they offer it at. Usually it is 500 or 1000 on this exchange, but I am sure there are times that its only 100 when the MMs are particularly ornery. So they fill the 1000 or 500 and move on to the next guy.

Personally, I dont bother with limit orders, even on this exchange. Only time I would do it was on a "news" day when the price was going bonkers ... otherwise I am not going to dicker over 1/16th or 1/32th. Its only a percent or two in the big picture.

Mark