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To: New Economy who wrote (313)8/26/1999 3:48:00 PM
From: Sans Souci  Read Replies (2) of 989
 
Think you've missed the concept of a stop-loss order. The whole idea is to place the order BEFORE a stock drops. Hopefully, this will take you out AS a stock begins to drop, preventing further losses.

Personally, I avoid these orders completely, and if I do place one, it's always a "limit" stop-loss order, with the limit set a bit below the triggering price (this helps prevent getting wiped out with a gap-down open).

S/S
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