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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: keith massey who wrote (2901)12/6/1999 8:41:00 AM
From: Far Side  Read Replies (1) of 5053
 
Hi Keith,

Just a comment I would like to say regarding JDX stop loss orders.

My broker (Yorkton) recently recommended to me that I do not put a stop loss order on JDX. The reason I got was :
- JDX is thinly traded
- once you set a SL order it then immediately becomes a market order.

So let's say you put the SL at 1.25 and the next buy in line below it is at 1.10 then your shares get sold for 1.10. Too risky my broker says.

In thinking about these comments from my broker, I said to myself "since when was Jordex considered a thinly traded stock ? " Geez, its average trading volume for the past month has to be way over 100,000 shares per day. N'est pas ?

BTW I accept both bullish and bearish JDX comments,

Jim
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