Bioelectronics Corp (BIEL)

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Smart Move to Load Before News Breaks PitchMan

People planning to wait for news before buying will have a frustrating day. I have run into this a couple of times with OTC stocks and finally learned my lesson.

All 3 of my accounts, Schwab, Scottrade, Fidelity, require a limit order on OTC stocks.

It is trading at .0011, News Hits, gaps up to .002, you place a order with a .0023 Limit to be safe, the trading system is overloaded due to the high volume, you wait and wait for your order to be filled, the Ask moves up to .0024, you change your order to a .0027 Limit and wait and wait hoping it fills.