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To: Trio who wrote (6212)	2/4/1999 10:13:00 AM
From: Richard G. Woodland	Respond to of 27722

18th most active at 10:05

To: Trio who wrote (6212)	2/4/1999 10:16:00 AM
From: PistolPete	Read Replies (2) \| Respond to of 27722

Depends on the market for the stock. A lot of times, if I want the stock, I want the stock. If you dick around with limit orders to buy a stock, NASDAQ MMs will just blow by them and you get to watch everybody else make money because you are haggling over a lousy 1/16. If there is a fairly wide spread, on the other hand, I have my broker set my limit between the bid and the ask and I very often get filled. Got filled yesterday on the bid on one, but the stock was quite volatile at the time. so it was hard to say what actually happened. If you ever read Reminiscenses of a Stock Operator, one of Jesse Livermore's key principles was to ALWAYS place market orders...he wanted to see what the market was doing, not what he was doing.

To: Trio who wrote (6212)	2/4/1999 1:33:00 PM
From: JW Steve	Read Replies (3) \| Respond to of 27722

<<Limit orders can also kill you. If the stock gaps up or down you may NEVER get filled b/c it has to trade at your limit to fill you>> Yeah, I got burned on GEEK by limits and my own greed. I live in AK, so I live and die by limits (as opposed to actually getting up at 4:00 AM). The price was near 50 and I put in an order to sell at 50 hoping it would go up, it didn't. Next day, it was hovering around 45-46 all day. I put in a sell limit at 46 assuming it would break it in the last hour or two with shorties closing. No such luck, closed at 45.5 . So I figure, I better not be greedy and I put in a sell limit at like 44. I get up and check it out, it opened at 36. I lost alot of cash because I didn't just sell the first time at 45.5 and tried to squeak out an extra point. LESSON LEARNED. PS Sorry for the distraction from NAVR, I am in the middle of the best investment I ever made, 500% in 2 days on JBOH. jw steve