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Post by sbgrace on Mar 17, 2005 15:50:34 GMT -5
I have been trying to sell PRRM at .0002 for two weeks now to make a quick buck to invest more. Does anyone know why my shares won't sell?
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Post by Warren on Mar 17, 2005 16:37:12 GMT -5
because about every other person is doing the same thing. If your shares do not sell quickly at the ask price some times you are better off puting them at one up. Meaning in this case at .0003, how this works as most are putting their sell orders in at .0002 and then you put yours in, yours wil be the last to get executed. (special orders excluded, I am talking limit orders only. All or none orders will always go last.) Now if you put your order in at .0003 it will be one of the first in lines to be executed at .0003 you will make more and get executed at or about the same time.
Down side you could be one of the first in lines at .0002 and removal will take you out of line, it might take months to get to 3 when we sill bounce 2 for months.
What I have stated is a stratergy to consider.
I also think at times it is best not to have any orders in as you might see a run up and sell to early, I know of the free sharess , but on known runs coming, it is best to keep it all for the run. Just another thought.
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