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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: John Carragher who wrote (3146)	12/28/2004 10:22:36 AM
From: Vendit™	Read Replies (1) of 8752

Thanks for that info John. I use Scottrade so your email reply from them is of particular interest to me. I stay in the NASDAQ and NYSE arenas so I should be good. I think the only time in my memory that I can think of when I was burned by a stop order was back in the mid 1990s when I had a 5,000 share position in a biotech stock. The stock closed at $23 the day before and my stop was at $21.50. After hours the FDA announced that they were pulling one of its drugs from the market (Fin Fin). The following morning the stock opened at $8. My stop order executed at $8. <ggg> The stock closed that day at $14, you can imagine that I was a little pithed but a lesson well learned. (Plus a tax write-off well earned) Reid

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