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Technology Stocks : Walt Disney
DIS 103.41+0.1%3:59 PM EST
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To: Dorine Essey who wrote (526)4/30/1998 3:46:00 PM
From: freeus  Read Replies (1) of 2222
 
Disney probably is one we should just keep.
Information please: I know that "stop loss" orders become market orders when the price is reached. So you could on a major correction day sell at a price lower than what you would have been willing to sell for. Is a sell order like that too? The reason I havent used them in advance is that is what I am afraid of.
Example: If I were smart enough to have bought Dis at 100 and it goes to 120 and I decide I dont want to lose my gain, but am not willing to sell it below 110, can I put in a sell at 110 and if it just goes up, just keep raising the sell order? On a really bad day if it went past my 110 on the way down would it sell at something lower, that might have changed my mind about selling at all?
Do you know what I am asking? Or is it too unclear?
Freeus
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