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No. of Recommendations: 2
Well, it kind of depends on what you are trying to accomplish.
If you are buying when the market is open and the price seems ok,
then a market order is fine.

If you are trying to guard against a market order placed when the
market is closed from jumping if the stock gaps up at the open, then
somewhere in previous day's range is probably good.

If, like me, you are bottom fishing a bit, then a price at the amount
you would like to pay and good till cancelled works. (But you may never
get a fill.)

You kinda have to trade off how bad you want a fill from how cheap you
feel. The one thing to guard against is a gap up on the open. I got
burnt on that once and haven't put in market orders when the market is
closed since. (Fortunately the total dollar amount wasn't large.)

If it is a volatile stock, then I would recommend putting the buy price
down some and seeing if you can hook it on the intraday variation.
Prices fluctuate more than you think and you can save a few kopeks that
way.

Chris - most everything I do is limit orders these days
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