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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU) -- Ignore unavailable to you. Want to Upgrade?


To: PartyTime who wrote (7545)5/26/1998 11:30:00 PM
From: Terry T.  Read Replies (2) | Respond to of 18444
 
Lonely weekend, PartyTime?



To: PartyTime who wrote (7545)5/27/1998 8:08:00 AM
From: kentoo  Read Replies (2) | Respond to of 18444
 
<OFFTOPIC>
It is really difficult to say if the MM were making those buys you talk of to manipulate the price, or if they were just routing a retail(market order) for one of us very small investors and burning someone like ourselves. I dont want to get into a MM conspiracy thing cuz when I start hearing "they're short, lets squeeze the MM", it sounds like hype. NETZ has plenty of shares out there, short squeeze will not happen.

I just get pissed when I put in a market order on other penny stocks and it sits there for 10 minutes(E Trade) and I see the ask creep up a couple of cents. The stock wasnt moving super fast but I dont get anything close to NASDAQ type of speed in execution and I think I am getting scalped by MM opening the spread for their own gain. However, I have found that if I cancel the market order it seems to speed up execution and confirmation ?? Of course I am risking missing out on a fast moving stock, if I play that game. If I use a limit order at the current ask, OTC MM's arent required to fill it, so that's not much better either.

I could just be greedy and paranoid :^~
Ken