InvestorsHub Logo
Followers 70
Posts 88688
Boards Moderated 1
Alias Born 03/29/2001

Re: ROY916 post# 164172

Wednesday, 04/08/2009 3:27:55 PM

Wednesday, April 08, 2009 3:27:55 PM

Post# of 202893
Roy- NEVER put a market order to buy a penny stock. AON is fine but limits the chances of getting filled. Putting a large market order in shows up on level 3. It's a simnple thing for the MMs to pull their low ask prices temporarily, fill your order at higher prices, then drop the ask once again. Seen it happen before. Use limit orders and if necessary submit above the ask by a little bit for a larger order to get a full fill on the same day. That's not a good strategy but it works depending on your needs. I have bought ETNL in 500,000 share orders on a limit. Place it early in the day and it eventually fills. The ask may run out but then your order becomes the bid. Many of my prior purchases have been at the bid due to this. Then the stats show up at the end of the day as sells instead of the buys that I made. I take EOD stats with a grain of salt, unlike some others.

.........al

I may not agree with what you say, but have fought and will continue to fight for your right to say it. USArmy 1966-1975

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.