Don, are you sure you want to place a "stop loss" on a Nasdaq stock, especially one as volatile as GZTC. IMO, like clockwork, the MM's drop the price to scoop up the stop losses just before upward surges and when the price drops sharply, most often a "stop loss limit order" isn't executed and a regular stop loss user is massacred when the order is triggered and converted to a "market order." As for the pre-surge drop to scoop up stop loss orders that had most likely been placed, witness GZTC's market action last week. FWIW, my experience and observation is that using "stop loss" orders on Nasdaq stocks is almost like handing a gift (or at least a target) to the market makers. Just a thought. No offense, but personally, I would use puts as insurance to safeguard a gain rather than place a stop loss.
Regards and good luck,
Gator II |
