IDPH--Positive preliminary results for pivotal trial of ID Message Board

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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID

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To: John R. Sashko who wrote (491)	3/19/1997 11:25:00 PM
From: I. Luttichuys	of 1762

Wow, everyone has their own likes and dislikes and I know many who use stop losses but I really don't like them. I know in the right situation you can really be saved some heart ache with one but I feel that situation is uncommon. It is possible that your stop loss can be met by dropping the bid and then raising it right back up. You can come home to find your shares cleaned out of your account and then look to see that the low that day just coincidentally was exactly the level your trade was executed (if you'll notice, today's low was exactly 24 7/8). Happened to me once on this very stock. I lost 5000 shares the very day IDPH did one of it's quickest and biggest turn arounds. I had to buy them all back, shaving about 2 bucks a share off. It was really pretty horrible. Happened last year. Don't know if I'll ever do it again but, who knows... with this market, maybe this will turn out well! IDEC sure can slide sometimes... BENNETT

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