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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?

To: stowaway who wrote (5861)	7/16/1998 4:51:00 AM
From: Michael Bendner	Read Replies (1) \| Respond to of 43774

I can't stand this anymore. My portfolio is 99% invested, but I just can't get the butterflies out of my stomach that are telling me to buy more PRWT. So... I'm going to make a call in a few minutes to sell a long position in another extremely promising stock at the open and to try and grab 75,000 more PRWT at 0.05 with that money. Wish me luck! :-) Michael Bendner

To: stowaway who wrote (5861)	7/16/1998 5:03:00 AM
From: slotman	Respond to of 43774

stowaway. A market order for buy or sell is not good judgement in my opinion. A half penny scalp could cost you almost 300 bucks. I suggest you put limit orders in in smaller quantities and if the price starts rising too high for your liking, you can cancel the orders that have'nt filled and then wait for a dip to pick up what you want.

To: stowaway who wrote (5861)	7/16/1998 6:21:00 AM
From: ISOMAN	Read Replies (2) \| Respond to of 43774

I always put in all or nothing orders with a limit price. I have never had a problem filling orders under 50,000 in actively traded issues. With prwt 100,000 blocks seem to fill almost immediately. With stocks, you tell them what you want, how much you will pay, and how much you want period. If they won't deliver on your terms, it is better to walk away. I never chase a price either. If it is 50 cents and I only want to pay 48 cents, then I put in an all or nothing for 48 cents. If they won't fill, I try again the next day. If they still won't , then I consider upping the bid the third day. Perfect example. On Monday I put in an all or nothing on PRWT for .047. It didn't get filled. On tuesday I did the same....It got filled. It was a big enough order that they had to get it filled from 3 different MM, but my broker knew that it was all or none, so if they wanted the commission, then they had to get the whole chunk, not just part. That's what we pay them outrageous commissions for.

To: stowaway who wrote (5861)	7/16/1998 7:44:00 AM
From: xbrent	Read Replies (1) \| Respond to of 43774

OT Regarding market versus limit orders. If you think any stock is going to move away quickly then do a market order. If you think that you have a lot of time then do a limit. If you think that the MM move the price away just to accomodate your large order try a smaller order. When it is all said and done you will have great monday morning QB knowledge and more often than not you wish you had done something different. I find it far easier to do limit orders for regular NYSE, and NASDAQ stocks. Did a couple yesterday. Had a price target set a limit and when I came back from lunch it had gone off. Wish I had held out for more profit but it worked like it was supposed to. When entering a short a limit is great but then you have the execution problem. Since a short can only happen on an uptick, now you have two conditions a.uptick and b.limit which can make execution difficult.