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Re: StockScout1 post# 3843

Wednesday, 05/18/2011 10:25:27 AM

Wednesday, May 18, 2011 10:25:27 AM

Post# of 20680
A limit order is the only type of order that can be placed on a stock trading under $1.00.

I have no credentials to offer investment advice and as far as I know, no one on this board does.

What would I (me, myself) do? I would place limit orders Good Until Cancelled at the 15-18 cent range, All or Nothing, routed to AUTO by special request of my broker. AUTO can get them from NITE's unlimited storehouse of shares -- since "everyone is dumping" NITE has tons of shares but still has to short 6000 from yesterday. Of course I am being sarcastic. Evil people like that creep at the OTC desk over at Knight bring out sarcasm and other unpleasant emotions in me. In fact no one is selling their shares and NITE has none so just get them as cheap as you can and hold them, IMHO. Let him dig the hole deeper. He's already in China so the next stop is Venus.

A Good Til Cancelled order lasts 30 days but chances are they would get filled this week with shorted shares, I'm just sayin'.

I still have to wonder what would happen if this stock ever got some real volume buying. Actually I don't have to wonder at all.

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