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Microcap & Penny Stocks : Microphonics Inc. (mrps) -- Ignore unavailable to you. Want to Upgrade?

To: Bill on the Hill who wrote (714)	2/28/1999 10:28:00 AM
From: re: MAX	Read Replies (1) \| Respond to of 8189

Bill on the Hill, Those are words of wisdom that every thread user here should print out and hang on their wall next to their computer. Thank you, re:MAX

To: Bill on the Hill who wrote (714)	2/28/1999 1:50:00 PM
From: Andrew H	Read Replies (1) \| Respond to of 8189

>>1. No market orders on a buy - NEVER<< First of all, never say never. While this is often a good rule, it can keep you from purchasing a stock. Sometimes when the trading is heavy, if you want to get hold of a stock before a big run, a market order is the only way to do it, since the MMs will not even look at limit orders, even if they are HIGHER than the ask. >>2. Do not buy in first half hour << Generally a good rule, but some stocks will just continue moving on up from the open. Occassionally your best bet is to catch them at the open, especially if there is not a large gap up. Really the market defies inflexible rules. IMO every trade needs to be considered on its own merit and its own special circumstances. But your rules are generally sound principles.