Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SJS who wrote (15792)	3/21/1998 2:59:00 PM
From: PnclNk	Read Replies (3) of 95453

Steve- Completely agree with your cautions on trading. If you want to sell at the daily low, just put in a stop loss on one of our favorite drillers. If the opening price is anywhere near the stop, the trade will go thru and trading will resume back up at the true market price. Learned this by expensive experience. In each actual case my stop order trade went thru at market open $2 below trades occurring in the next few minutes. Hope someone out there is enjoying my money! My advice is to only use stops if you enjoy the experience of being screwed and only use market orders if speed is critical and you don't care much about the price. At least with limits you know what you are getting.

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