Value Microcaps Motherboard

[tr8dervic]

Sskillz,

I agree. I was a specialist on the floor for 25+ years and I would NEVER use a mkt order on ANY stock, listed or unlisted.

A limit order to buy above the ask or sell below the bid are both treated as mkt orders by the regulatory agencies.

They are called "marketable limit orders" on the floor.

If a stock is quoted at 1.00 bid/1.05 ask and you really want it right away...always ask yourself at what point you would feel ripped off? 1.10? 1.20? 1.30?

Whatever point that is... make that the limit and DON'T use a market order.

It won't matter 99 out of 100 times...but that 1 in a hundred can be a painful wake up call...