COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00170

-19.0%

Dec 26 9:30 AM EST

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To: freeus who wrote (3349)	8/8/1997 3:44:00 PM
From: Scrapps	of 22053

Isn't one of the problems with stop orders that if yours doesn't get activated when the market goes down below your price, yours may get filled later on, lower? Hi Freeus, I only have one stock with a sell order on it, the rest are just alerts for me to decide then if I should sell. I very seldom use a sell stop order. I use a sell stop limit order, this is where you set two prices, one price activates the sell order, the other price is a limit price you set below the sell price, if the stock goes through the sale price and below the limit price the order is canceled automatically. Dwight was using a sell stop at market order which could get the results you refer to. He was wise not to place his orders before the open, by doing it the way he did he still had some idea where the sell would occur though no way of knowing for sure. I only put stops on stocks to protect profits and never set one at or below my cost to own and sell them. If I want to sell a stock at a lose I don't need a stop order to do it. I would guess today a lot of people got stopped out of stocks. More then you cared to know or read huh. <VBG> Take Care, Scrapps

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