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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (2797)	9/16/1998 7:27:00 PM
From: RockyBalboa	Respond to of 4634

Same do I, in the less liquider stocks with room to split the spread its the only possibility to sell in. As far as I know, the only rule is that you cannot split by 1/32 for stocks > 10. For the $5 pennies 1/32 works as well. You can even make an uptick by bidding up and immediately hit it with a lower limit bigger size, I managed once in MCHM when market was dull at 7, and it costs only an extra $10. This works if you have no position,but if you are long in the stock before your trade is split up in a sell and a subsequent short sell incurring 2x comissions and then the short sell may fail. Christian