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


To: T L Comiskey who wrote (1104)5/28/1998 7:29:00 AM
From: Egolpi  Read Replies (2) | Respond to of 10343
 
Don't place a market order at the open. Chances are you'll get hit at a premium. Do you have the flexibility to place a limit order, then cancel and replace with a market order if it isn't filled? You may want to check a real-time quote around 10:30 am, as I've noted some dips then previously with this stock. You can sign up for free real-
time quotes at: freerealtime.com:8000/

Egolpi - holding INFE with a tight fist!



To: T L Comiskey who wrote (1104)5/28/1998 8:43:00 AM
From: Moonglow  Read Replies (1) | Respond to of 10343
 
Tim,

Hi! In cases such as yours, I can only tell you what I do in similar situations. If a stock is expected to perhaps gap up, I don't ever place a market order BEFORE the open. What I do is to sit there AT the open and see where it opens. If it opens with a gap up, then I usually sit and wait for the price to fall back a little, and then place a market order. If it doesn't gap up, but instead begins to move forward at a fast pace, then I place a market order. I've found that I almost always get filled at a fairly good price.

From watching TOL in the past, I discovered that market orders go through almost instantaneously, even if one does not get confirmation of that fact until later.

However, if I am at my last dollars and simply CAN'T afford to take the chance of paying more per share than what I want to pay, then I place a limit order at whatever price I can afford. If this doesn't get filled, and I find that later on I still want the stock, then I will lower the number of shares I'm ordering and go ahead a change that limit to a market order.

But I repeat....if you're expecting a stock to gap up in the morning, don't EVER place a market order before the market opens....or you'll get raped.

Juanita