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Non-Tech : Waterhouse Securities
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To: VincentTH who wrote (318)2/24/1998 2:21:00 PM
From: T.R.  Read Replies (1) of 2076
 
<<The limit is imposed so that they don't have to be burdened with orders that are unlikely to be filled.>>

Thanks for the explanation, I use to use a very conservative brokerage house which had a 25% limit. I understand the reasoning on this but on some stocks (usually the lower priced ones) it makes it requires a person to expend an above normal amount of time monitoring the movement so if I owned a stock for $5/share and wanted to sell it when it hit $7 I'd have to babysit it until it hit around $5.60.

T.R.
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