AXYX Limit Order

Alright, so I decided that with the given circumstances, AXYX was the best risk/reward play. But how do I get in at a good price? The stock really hasn't been trading much volume for the last while (probably around 150,000 a day) even though it's 50 day average volume is just over 1 million. So, what I did is I placed a Limit order this morning for 5,000 shares at the strike price of $1.15. What this means is if you recall a limit order is only hit if I get the price I want meaning unless someone is selling their shares for $1.15, I am not gonna get in. Now, at the moment there is about 18,000 shares at $1.15 as well and believe me, I am last in line to get my order processed. On the day the biggest order I have seen has been around 10,000 so I have some praying to do. If I get lucky I'll get in at $1.15 by the end of the day (I set my order to expire at the end of the day if it doesn't get processed). A $1.15 5,000 block price is in my mind a steal for the current circumstances and if you think about it compared to buying the same 5,000 shares at $1.16 (considering I can even get in at $1.16) I am actually getting an extra $50 (5,000 x $.01). So, I am gonna let me order sit, watch the stock, and see if we can get some sort of intra-day bearish trend. I will post up either at the end of the day or if I get in during the day to relay the news. Remember that the CFO is speaking on Wed at the convention so if there is a quick price spike it will come either tomorrow before the convention, Wednesday after he speaks, or Thursday. If nothing happens (which it may not) by getting in at $1.15 we should be able to get out without much downside (HOPEFULLY). Once we get in I am going to put a tight stop loss on the shares just to be safe (remember last trade?). Enjoy the afternoon,

To the future,