SiachinI also am a novice and have a general rule which I learnt...

Siachin

I also am a novice and have a general rule which I learnt off hotcopper and that is dont buy above 10c. If it falls it falls fast. I had a buy in at 9.8 and got it. I watched the 6.5mil wall at 10.5 and when the 10c bids 4.5mil odd came crashing down I went with it. Got $160 instead of the $1160 I hoped for but at least I could have got out at 9.6 for a small loss.

I pity those who were buying 250 k at 13 or 13.5

I hope this makes sense ie buy 100 k at 12c and you can be out of pocket 2k in the blink of an eye.

Buy 100k at 10 or less and you are only losing $100 a tic.

I am a silent member of hotcopper but I read like a maniac in the eternal hope of learning the game.

Laurence