MST metal storm limited

While buying "at market" is usually fine in most stocks it can...

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    While buying "at market" is usually fine in most stocks it can be suicide on a stock with trading values like MST has. Its a case of one size doesn't fit all.

    If you buy "at market" you will currently pay 0.004 as you have stated. Thats a 33.3% premium than you would pay if you buy in a limit order for 0.003 which would get filled in a few days to a week. Thats a very large premium to pay.

    Now I do understand the argument that by using an at market order you have secured the stock so if it takes a run you don't miss out, but you have to weigh this against the likeihood factor. How likely is it that MST will take a run in the next week for example ? If you think the chances are greater than 1 in 3 and that the rise will be to more than 0.004 then at market makes sense. If on the other hand you look at past history and believe the chances of it taking a run within the next 7 days are less than 1 in 3 then why pay the premium ?

    Sure there is some manipulation of the stock with bots dropping a few sell orders in to keep the share price at 0.003 but there are also real sellers at that price who have dropped tens of millions of shares in recent weeks for that same price. Its not all bots and manipulation although some of that exists. There are just some people who think that they can sell for 0.003 and buy it back in a couple of months for a discount, or those that have finally given up altogether.

    Somebody will sell to you at 0.004 but trading in the last 3 weeks infers that somebody will sell to you for 0.003 also if you are willing to wait a couple of days in the queue.

    I can't advise you on what to do but I hope this puts things into perspective. If I'm wrong and it rockets to 3c next week then we will all be kicking ourselves that we didn't buy all this "cheap" stock but while we are all hoping for it, I don't think we are expecting it.
 
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