So right Dadon. We don't talk about that a lot. Al
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Posted On: 02/22/2017 8:34:36 AM
So right Dadon. We don't talk about that a lot. Although I have talked to a few that I believe truly haven't flipped their shares, it's rare.
I've commented on the risks of conditionals a few times when some big shots I suspect were working for the sneaks claimed to use triggered, or conditional buy/sell orders all the time on pennies.
I think they were intentionally leaving out the key detail of NOT going stop/market when talkin penny stocks, to help their MM "friends" to strip them of their shares for dirt cheap.
Only way you can make out is with a stop/limit that guarantees you make your target or don't sell any shares if trigger isn't made. I can't do a trailing stop/limit order (my preferred) on pennies in Etrade, and anything with market selected should only be with big liquidity.
If the volume is huge the MMs don't have free run of the board then, but still no guarantees. When volume is low to moderate, you wave market sell under their nose, they just change their bid to dirt cheap real quick and snag your shares just like you said. Leaving you wondering what the hell happened to that much higher bid you saw just seconds ago. That's why they place multiple small block bids so they can make quick changes and fork you over.
With big board stocks, you can "cloak" your conditional orders so no one else can see them, but not with penny stocks, as far as I've seen anyway.
This stock gonna make us WAY more than 15%. Hell, once it gets rollin hard, 15% aint doodley. It'll pass 15,000% like it's standin still. Monster, 5 Hr., Red Bull. They did it. It's NOT a private club. Drnec got involved cause he KNEW this had the right stuff to run that same course with just as much or even better results. Unfortunate private matters were ONLY reason he stepped off. Plenty of room at the top for companies with the right stuff. Downhill skiers don't throw in the towel just cause someone went before them and killed it! lol Still room for success, whether you take 1st place or not.
I've commented on the risks of conditionals a few times when some big shots I suspect were working for the sneaks claimed to use triggered, or conditional buy/sell orders all the time on pennies.
I think they were intentionally leaving out the key detail of NOT going stop/market when talkin penny stocks, to help their MM "friends" to strip them of their shares for dirt cheap.
Only way you can make out is with a stop/limit that guarantees you make your target or don't sell any shares if trigger isn't made. I can't do a trailing stop/limit order (my preferred) on pennies in Etrade, and anything with market selected should only be with big liquidity.
If the volume is huge the MMs don't have free run of the board then, but still no guarantees. When volume is low to moderate, you wave market sell under their nose, they just change their bid to dirt cheap real quick and snag your shares just like you said. Leaving you wondering what the hell happened to that much higher bid you saw just seconds ago. That's why they place multiple small block bids so they can make quick changes and fork you over.
With big board stocks, you can "cloak" your conditional orders so no one else can see them, but not with penny stocks, as far as I've seen anyway.
This stock gonna make us WAY more than 15%. Hell, once it gets rollin hard, 15% aint doodley. It'll pass 15,000% like it's standin still. Monster, 5 Hr., Red Bull. They did it. It's NOT a private club. Drnec got involved cause he KNEW this had the right stuff to run that same course with just as much or even better results. Unfortunate private matters were ONLY reason he stepped off. Plenty of room at the top for companies with the right stuff. Downhill skiers don't throw in the towel just cause someone went before them and killed it! lol Still room for success, whether you take 1st place or not.
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