Quote:
Originally Posted by grantg2
uzzo2... "i'm assuming when you say limit order you mean only purchase a certain number of shares"
Obviously you are very new and need to BE WARNED that PINK SHEET stocks are very risky... although this has had the crap beat out of it and can only go a short way to ZERO worst case.
That said, no... you did not grasp the meaning of "limit order" that means when you place an order for the shares of USSE or SSTP in addition to specifying the NUMBER OF SHARES... you place the order as a "limit order" in which you specify the maximum price (amount) per share you are willing to pay... so that the unscrupulous MARKET Makers/MANIPULATORS known as MMs... do not steal your money by inflating the cost to you.
Example... SSTP closed Friday at .036/share... if you were to place a "market order" on Monday without specifying the maximum PPS...
"Buy 10,000 SSTP" You might get them and find you PAID .04/share and immediately after that the MMs might show it as a bid of .031 and an ASK of .033. Nonetheless, you will have way overpaid for it.
So if you want it, and will only pay .036 for it... you need to use a limit order:
"BUY 10,000 SSTP at a limit .036"
That means you will NOT pay more than that & just might get it for less.
I strongly urge you to begin reading ALL the available educational material on stock trading on the broker website that you can find... and you might want to check on some other websites offering the basics.
If you wish to GAMBLE a bit on USSE/SSTP that is your choice... just do NOT risk more than you can afford to lose. Some have already done that in this stock & it has been a downward rollercoaster ride to here. I think better days are ahead... but it still could go bust!
GLTY
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ok, thanks for the clarification, i'm not going to put out more than 300-400 bucks. that should buy around 10000 shares, i seen somewhere someone was speculating this thing getting into full bloom and $15 dollars a share. wouldn't that be sweet? 150k on a 400 dollar investment, if i do buy it'll be for long term.