PALM - The rebirth of Palm Inc. Message Board

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Technology Stocks : PALM - The rebirth of Palm Inc.

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To: chris dawson who wrote (159)	3/1/2000 1:53:00 AM
From: kcmike	Read Replies (2) of 6784

Chris, Nice move on the options! But be careful on the stop. You can get burned on options stop-losses. The stop-loss doesn't get triggered (depending on your broker) until the option trades or is offered at or below your stop. For example .. your option is bid 18 7/8 ask 19 5/8 right now. Say the stock drops ... the Bid/Ask range could widen somewhat, and nobody may trade it until it gets down to say 14, and that is a buy with a Bid of 13/Ask of 14. That triggers your stop, but by the time it gets executed, it may end up filling at 10,11,12 ... but almost never at the stop price. At least that has been my experience. Best to watch it if you can and do it manually. ON the other hand, I don't think you will have to worry about it dropping that far tomorrow! Also, don't forget stop orders on options are usually good for the day only. Good luck! Mike

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