RxPC Inc (fka RXPC)

[Kayakonthefly]

Anytime you trade a penny stock (especially a low penny stock/Pinkie) you need to place a limit order on it - it will probably cost a little extra, but long term it is probably worth it. Example - you trade $1000 of a stock - we'll say the Bid/Ask is .08/.10. If you do a market order, more than likely you will buy at the ask. If you do a limit, you can order them for the price you are willing to pay, but you also take a chance on not getting what you want, then end up buying while it's higher (what we call chasing the price).

Ex - $1000 / .10share = 10,000 shares.

Now place a limit at .09 $1000 / .09 = 11,111 shares.

Once you start playing with big dollars and large amounts of shares, the extra number of shares begin to add up. Especially with this one, imo. When we look for the long haul and we begin to reach dollarville.