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Strategies & Market Trends : DAYTRADING Fundamentals
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To: wallstreeter who wrote (3013)8/17/1999 11:19:00 PM
From: KM  Read Replies (1) of 18137
 
I was in NSOL the day it went down 43 points in a matter of an hour or so.

When it started tanking hard and everyone was panicking out, what I did was put in a sell order slightly under the best bid and let it hit me on the way down. There was no way to hit bids unless you were lightning fast and there weren't many if any ISLD or ARCA bids anyway.

I had the same thing happen on NITE a few weeks back when the Barrons rumor hit. Talk about tank city. Did the same thing. It blows but I can't think of anything better to do. A market order would be a real disaster.
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