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Microcap & Penny Stocks : TLTG: Teltran International, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: E*Trader who wrote (65)	2/6/1999 6:02:00 PM
From: Tom Allinder	Respond to of 1184

William, all the major brokerages advertise that you can buy and sell 24 hours a day. The order is not filled until the market opens the next day. The MMs will hang you every time you place orders before market hours. You can issue limit and stop orders which is the only way to place these trades during off-market hours. Problem is, many of the brokerages will not take limit or stop orders on low dollar stocks. You have to place a market order. Now, issuing a market order before the market opens is bad juju.... The MMs can see your order sitting there and will hose you every time.... There are a few brokerages that will actually let you trade pre and post market. One institution I looked at wants you to open the acct with $50,000 dollars and you pay $3000 a month for the "privelege" of trading in off-market hours. I watch pre-market trading everyday and these people get hosed most of the time. If I had $1,000,000 in my acct, I would not pay a dime to trade pre and post market. I see no advantage. Tom