OTCQX:MRVFF - Post by User
Post by
cjdavid1on Nov 03, 2009 11:35am
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Post# 16447738
Beware of placing Market Orders
Beware of placing Market OrdersStick to Limit Orders where you pick a price (exit strategy), otherwise if a large Market order (say 5 million, like last week) is placed seconds before you pull the trigger on your Market order, you could get stung for a very large drop in price before your order is filled at a much lower price than you just saw on your quote screen. Such is the life of playing penny stocks. Day traders rely on the retail investors' ignorance of this fact. This will be a very volatile stock with such a massive float.
Caveat Emptor and GLTA,
CJ