LONRHO (lnaff) and limit orders

By digitaldeity, May 12, 2012

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

I’m a novice, but I really like this website. Anyway, I was trying to open a small position on lnaff @ .15. 500 dollars if anyone is curious to play a little of Travis’s picks! I thought about aoiff , but I needed to open up a different brokerage account to buy shares, and that’s when it jumped 30%.

I believe the bid is .13 the ask is .21 on lnaff. It didn’t get fulfilled :-( and I noticed that it went up %20 at the end of the day to .18. Should I have increased my limit order or is .15 a good entry point for lnaff? Since it’s a penny stock and on the grey market, I’m assuming that it’s more difficult to get the shares?

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