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No. of Recommendations: 1
1. Market orders will generally suffice for stocks that have a large volume of trades in small lots as long as the stock is not too volatile or subject to large price swings. Before you place a market order you should know what recent trade prices have been so you don't get a big surprise. A limit order should be considered if you have concerns about the specific price you pay or for a stock that varies in price a great deal, or large trades, or some circumstance that would give you concern if you use a market order.
2. It doesn't make much difference except I might have some concerns with a volatile stock order placed late in the day. Some strange things happen in the last 30 minutes of the trading day.
3. I have no opinion on your selection of stocks. The minimum lot size should generally be dependant upon keeping the transaction cost (commission) reasonable. Many use a guideline of the commission being a maximum of 1% of the transaction.

There is probably some better message boards on which this question could be placed. You might consider Ask a Foolish Question at http://boards.fool.com/Messages.asp?mid=26919697&bid=100... or Investing Beginners at http://boards.fool.com/Messages.asp?mid=26919521&bid=112...

Bob
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