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Sunday, July 17, 2011 6:04:02 PM
For example:
You think it might gap-up huge, so you put in a BUY LIMIT order for 100,000 @ .01 and the issue opens at .007. With enough volume, you SHOULD be able to get it filled at or near .007
Now, on the other hand, if you're a Whale and you put in an order for 20 Million @ .01, the market will probably detect that and gap right up to YOUR order, thereby making YOU the party responsible for that gap!
Good Luck
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