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Microcap & Penny Stocks : ALYA Cost cutting system via software as well as security -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (1042)	6/26/1998 11:34:00 AM
From: DrMedina1	Read Replies (1) \| Respond to of 2534

Re: your stop loss, it can work the same way on a buy, too. That's why it's important, if you are adding to a position, not to put in a limit order below the market. The MM's may grab it, and use it as an excuse to lower the bid to shake shares. Wait until you see an asked you don't like -- in other words, one that you think is well below where it's supposed to be -- after a series of downticks on small volume. Then you be the one who grabs it. You will frequently have trouble getting filled on a limit order on the ask in a situation like that, but since you already have a position, who cares -- either you get more stock cheap, or the MM's jerk the ask, and your existing position moves up.

To: MeDroogies who wrote (1042)	6/27/1998 12:12:00 AM
From: Bill Jackson	Read Replies (1) \| Respond to of 2534

Medroogies, The snakes could see your stop loss and they(your broker and the MM) harvested it and split it. Ideally we need an electronic system with only the actual bids to buy and sell in view. Stop losses on the high/low side to protect short/long positions should not be viewable. A human broker you know and trust will be able to watch your stock and keep your stop loss ready to fill/sell at the proper point. What kind of broker did you use for this? Bill