How to Lose A Lot of Money On Market Orders

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes
How to Lose A Lot of Money On Market Orders

An SI Board Since September 1999

Posts	SubjectMarks	Bans
6	1	0

Emcee: Wayne Rumball	Type: Unmoderated

Introduction Compact

In the category for the biggest criminal market makers on the entire OTC BB, the award
goes to......(drum roll please).....

MM's on UVBV that managed to screw anyone that tried to buy or sell today

Some poor slob put in a market order to buy 2K shares (ask was 1.56), MM's filled
him at 4 bucks

Next slob shows up and puts in a market order to sell 10-15K, hard to say

MM criminals said thank you very much and filled the better part of his sell at .56

All in all a good days work when you are a criminal

If anyone out there was one of these poor soles you might want to order up a few
hundred pizzas for these boys, or just call and say hi, it's joe, buy 200K @ market,
oops gotta run <click>
HILL 1.125 1.625 5 x 5 09/10/99 15:19:49 8006313083 O F
SHRP 1.063 2.563 5 x 5 09/10/99 14:07:47 8003555781 O F

Those are 800 numbers so the call is free....

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
6	Wayne I am searching for someone to talk to about the types of limit orders. I	MJ	-	5/23/2008
5	Market Orders can be dangerous....BUT... ...they can be placed at times withou	Lazarus	-	9/13/1999
4	I thought that I was being clear, Wayne. I never use market orders unless I wa	Tom Swift	-	9/13/1999
3	So, if I understand your post You are saying to never use a market order? Not	Wayne Rumball	-	9/11/1999
2	<i>How to Lose A Lot of Money On Market Orders</i> That is easy, &	Cisco	-	9/11/1999
1	Never use a market order. I will say it again, never use a market order. Never	Tom Swift	-	9/11/1999

Go to reply# or date (mm/dd/yy):