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Strategies & Market Trends : The Dead Cat Bounce Theory
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To: Rocketman who wrote (61)3/21/1997 11:30:00 PM
From: Investor2   of 1836
 
RE: Your comment that "I use market orders very carefully, and tend to buy and sell on limit orders, a lot less surprises, but your orders might not get filled."

That reminds me about the stock that I bought in 1989 for $17.50. A few weeks later it was over $21, so I called my broker to take profits. When I called, my broker said that the last trade was $21.875 and asked if I wanted to sell at the market. I told him to sell at $22.

It never made it to $22. The stock is now trading for $0.33, and that was my last limit order.
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