Stock tip

[drpepper14]

I don't know if we are on the same page.

I'm all for limit sell orders above the current price in order to take profit, but i'm talking about limit sell orders below the current price in order to protect yourself from losses. MM's see those lower limits, dip down below them, and then buy your shares which causes the stock to reverse again.

stock trading at .05, you have limit order @ .03...MM's drop it to .0295, take your shares, and it goes back to .05. You wouldn't have lost any money, but now you have no shares and took a loss.

Basically in pinks, the MM's control the game by watching people's limit orders. If you want to see manipulation at it's finest take a look @ LLBO lately.

[tony]

I don't know if we are on the same page.

I'm all for limit sell orders above the current price in order to take profit, but i'm talking about limit sell orders below the current price in order to protect yourself from losses. MM's see those lower limits, dip down below them, and then buy your shares which causes the stock to reverse again.

stock trading at .05, you have limit order @ .03...MM's drop it to .0295, take your shares, and it goes back to .05. You wouldn't have lost any money, but now you have no shares and took a loss.

Basically in pinks, the MM's control the game by watching people's limit orders. If you want to see manipulation at it's finest take a look @ LLBO lately.

If you look at VNDA on May the 6th it is exactly what you are talking about.. the stock shot up then dropped 50% out of nowhere, set off a good portion of stop losses then went right back to where it was. I'm sure MM's were able to pick up those shares and double down on their investment, its certainly a dirty game.

All of my limit orders are above current levels, the dips don't bother me, except for the fact that I wish I had more money on hand to buy at certain times. When BZCN hit .0010 this week I was PISSED I didnt have the funds available to buy another million at the time. But I'm being patient because I feel there is a dip or two left in there for the future. This is all nothing more than picking a strategy and sticking to it, I am in it for the long run so the voilatility isn't so much of a concern for me.