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Strategies & Market Trends : Ride the Tiger with CD

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To: dara who wrote (128138)8/13/2008 10:56:04 AM
From: kidl  Read Replies (1) of 312968
 
A stop loss order turns into a market order. Ergo you get sold out no matter how low that may be.
Only way to prevent this is by placing a stop limit order. If the stock opens below your limit, your order will not get filled.
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