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Re: trimsprims post# 1775

Sunday, 05/08/2005 11:06:58 PM

Sunday, May 08, 2005 11:06:58 PM

Post# of 44374
trimsprims

If your 31 is a long play, alls fine. If it's a swing, then tommorrow put it a open till close sell order at your 53.8. Watch every day, after rush hour,10:30, after lunch break, 2:00pm and after close.

That way it won't get past you, on your sell loss targets. If for some reason you think the PPs may hit your sell loss target, DON'T place a sell limit order way under the daily moving PPs, expecting it not to close if the PPs doesn't get there,IMO. A limit order does NOT alway work like a stop limit order on over $5.00 stocks.It's OTC:BB!!!

Event though it's not suppose to close, your on the OTC:BB and it may. IMO if anyone has a stock lowering close to the sell loss target, you have to spend the time in front of the computer. ( sit at the table)

Pop the sell order in, only when the PPs gets about 1 - 2% above your target, on a down move. That way your there and can remove it if the move turns. Because if you leave it there, some MM may just close it, buying for themself, or in error. (Adding to their inventory low)

Your order is in their hands at all times! It wouldn't be the first time, an order was closed in error and if you complain to your broker, you may still not have it corrected. Usually do though !! The thing is many don't, they planned to sell and feel oh well, it closed off a little. Must be my trading platform didn't show all the info.

I've had this happen twice in the past and my broker corrected my balance. But how many times do newbee's JUST say dame, they cheated me or my damd trading platform didn't show it , why? and move on.

It could be an error, or an out right taking of your money. The odds of a complaint, makes this practice happen too often. If only one in five complain, and get their money back, that means the error/theft stays in MMs pockets 4 out of 5 times.

Same theory as return coupons, few mail them in, and the company making the big offer knows the percentages, so they offer a larger discount coupon than they really want. It all balances out for them with increased buying, due to the larger offer, to the number of mailed coupons they get back.



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