Trainsite,
That is a tricky question. First, you never know what it will open at, whether at the Bid or Ask, way below, or gapped way up. So, it depends on the history of the stock. Lets use Telatinos as an example. This stock at this price hasn't gapped up or down much at all. It usually starts around the last PPS. Now, if you want in at the best price, my feeling is that you don't want to set your limit at the current PPS. I have noticed that over the past month, there is a time during the day that you can catch a bargain. Lets say the PPS is at .041, well, throughout the day, it may hit .038. If the Bid was at .039, and the Ask was at .041, you may want to set your price at the Bid. If you have patience, you may set it lower, like at .038. If you set your price at .041, or higher, you will be at the highest that it may reach in a long time, seriously. If we were talking about many other stocks, that are listed on a major exchange, it all depends on what you are willing to pay, how long you will expect to hold, and what type of return you want to achieve. Generally, if you get it at Bid or Ask in , lets say, Kerr Mcgee (KMG), does it really matter? You will not be flipping that one any time soon. But in Telatinos, a penny is VERY important, and you want to get it at the lowest point. That is unless you will be hanging out LOOOOOONG. If you are planning to be in for a year or more, it doesn't matter, a quarter penny up or down.
Bottom line, you as a retail investor (like all of us) will most of the time get your BUY at the ASK or higher, so it all depends on where you expect the PPS to go, so you get the lowest ASK throughout the day. Does this help?
Dan
News 
Market Data 
Discover 
AI
