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Microcap & Penny Stocks : ADOT - BIOMODA: Profitable Technology with Purpose -- Ignore unavailable to you. Want to Upgrade?

To: Shadow who wrote (925)	5/20/1998 5:14:00 PM
From: Shake-Man	Respond to of 4650

Yippee, I love losing money (sorry, just an experiment in trying to use reverse psychology to make myself feel better...it ain't working). Shake-Man

To: Shadow who wrote (925)	5/20/1998 8:47:00 PM
From: BIGFRED	Read Replies (1) \| Respond to of 4650

Hi Tom and ALL: I learned something from Jens Tinglieff from the ARET thread that might be helpful to somebody: When there is no news to move the stock price in any direction: 1- When buying: place a limit order right under the ask price. 2- When selling: place a limit order right above the bid price. 3- When selling a lot of shares: either break down your order in smaller chunks or sell when buying picks up. The above strategy implies that you are not in a hurry and the MM cannot take advantage of you. When there is no buying, the MM will lower the bid price at a deep discount to limit their risk, if you put a market order. If you put a limit order when selling, and there is no current buyers, the MM will hold the bid pretty much until a buyer shows up. When there is a huge sell order at a limit then the bid will retract in anticipation that the seller might become impatient and sells at market. For example: ADOT recently had a bid of 24.5 ask 26 cents. One could have easily unloaded 10k shrs at a time at a limit price of .25. When someone bought 10k shares at .26 cents the MM will take your shares at a quarter. I hope the above helps someone, it helped me in few occasions, because I used to do market orders. TOM, it looks like you have LEVEL 2, any comments on today's trading?...thanks. Fred