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Microcap & Penny Stocks : AGRS -AGRISTAR INC -- Ignore unavailable to you. Want to Upgrade?


To: InOverMyHead who wrote (131)5/19/1999 4:48:00 PM
From: Norms  Read Replies (1) | Respond to of 684
 
Market Makers have the option of passing on "all or none" from my experience. I hate to say it but I sometimes use market orders on ultra liquid stocks like AGRS with much success. I have had bad experiences too but the feeling of chasing a stock leaves you empty handed a lot of times. I missed AGRS all day yesterday by chasing and double guessing myself and rationalizing how I shouldn't buy something that has gone up 3-4-5-6 times where people bought it.

The good news is that there is always another good one waiting. Good luck.



To: InOverMyHead who wrote (131)5/19/1999 4:51:00 PM
From: KevinMark  Read Replies (1) | Respond to of 684
 
InOverMyHead...I also use Waterhouse Securities...I place market orders with them sometimes for that reason. My beef with them is speeding up their order entry procedures...the logistics SUCK! They have a pretty good respect from the MM's. They have filled my market orders right on the current ask every time. I tried placing limits to buy a hot moving issue and got passed by every time only to call and raise it. Obviously its very dangerous placing market orders on penny's but sometimes that's the only way to get filled. The MM's are filling the market orders 1st and then fill limits next. good luck!

p.s. as of late I always allow partial fills with them just in case I don't get filled.

Kevin