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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: PnclNk who wrote (15802)3/21/1998 3:11:00 PM
From: upanddown  Read Replies (1) of 95453
 
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.

PnclNk:

I agree that market and stop sells are to be avoided whenever possible. I have always wondered about the possibility of the price leapfrogging your stop limit in a fast-falling market. Has that ever happened to you ?

Thanks,
John
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