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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?


To: Raj Ramaswamy who wrote (19193)11/30/1998 6:04:00 PM
From: chickenman  Read Replies (2) | Respond to of 119973
 
AMERITRADE... believe it or not... HA!...

i watched NAVR build from 24-26 in pre-market trades... then open at 26 3/4... and i said... HERE WE GO... TO THE MOON!!

then LEVEL II showed ALL SELLING coming in... and MM's lowering their BID like crazy... then reality set in and i said... hey... it gapped open more than 100%... why be greedy...

all that took 2 minutes... and at 9:32 i placed a MARKET order to sell all 10,000 shares... filled at 25 3/4... whew...

MARKET ORDER... yes that's right... because again... LEVEL II showed crazy BID prices... no way to predict a good limit fill... just HAD TO GET OUT... one of the few times i will ever place MARKET orders...

at the rate NAVR dropped... it would've traded thru ANY LIMIT sell... and then you would be stuck with your shares... still... confirmation took 40 minutes.... nobody's perfect...

please get LEVEL II info... i use SIGNAL ONLINE... they are excellent... except i can't copy/paste the time/sale info on intraday for later reviewing...

cost is about $150 a month... or $5 per day... and you can download it NOW from their website and be up and running tomorrow... and it also offers EXCELLENT realtime streaming quotes up to 50 stocks... included in price...

remember... tomorrow is another day...

chicken who laid a golden egg today