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Re: Mississippi Delta post# 5742

Tuesday, 05/13/2008 1:50:35 PM

Tuesday, May 13, 2008 1:50:35 PM

Post# of 10461
As SSC mentioned, it appears some idiot sold with a market order. A buy or sell will skip outside the bid/ask when you use a market order. The MM will manipulate the price and screw you every time. Never sell or buy with a market order unless you are desperate to enter or exit, the MMs will always hike the price on a buy and/or drop the price on a sell and pocket the difference.

My first ever penny stock trade (many years ago), I entered a market order to buy a stock that was trading at .02 and I got filled at .059! I learned the hard way!

Only use a market order when you absolutely have to get in or out quickly and expect that you will be taking a hit.

Just my opinion...