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Microcap & Penny Stocks : INFE ... Infocall another Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Patrick who wrote (903)	5/26/1998 1:48:00 PM
From: Richard B. Haenisch	Read Replies (1) \| Respond to of 10343

UPDATE ! AS YOU CAN SEE THERE HAS NOT BEEN A TRADE FOR THE LAST 15 MINUTES!!!! THE MM ARE EVALUATING THE LIMIT BUYS/SELLS AND MARKET ORDERS THEN PROCEED EITHER UP HARD OR SLOWLY DOWN. SO ANY LIMIT SELLS WILL BE PICKED UP "GLADLY". UNDERSTAND THE GAME AND STAY AHEAD OF THE MM. THAT'S HOW YOU GET 200% - 300% RETURNS INSTEAD OF 20 - 25% RETURNS!!!! RICO! FREE ADVISE!!!!!!!!

To: Thomas Patrick who wrote (903)	5/26/1998 2:04:00 PM
From: Moonglow	Read Replies (1) \| Respond to of 10343

Thomas, It is my understanding that a limit order does not have to be filled. I used to think that if the ask went down to my limit order that it would have to be filled, but as you found out today, that is not necessarily the case. A market order, on the other hand HAS to be filled, which is why I rarely ever put in limit orders. If a stock has large volume and I think that it's going to go down, rather than putting in a limit order, I sit and watch it for a while and then put in a market order when the time seems right. That's how I picked up those shares this morning at .6875. If I had had a limit order placed, I'm willing to bet that I wouldn't have gotten filled either. On the other hand, limit orders can be good if there is low volume on a stock and a fairly wide spread. I put in a limit order of .75 this morning on another stock that was .70 x .77 and it only took it a couple of hours to get filled. But then again, if one thinks that a large volume stock is getting ready to go up...then a limit order can keep one from getting raped at the open. I guess it's just one of those things where it's hard to know exactly what to do and as always, hindsight is 20/20. I just lucked out this morning in guessing that INFE would first open down. Juanita