Apple Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Inc.

AAPL 272.55

-0.1%

Nov 14 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Loring who wrote (17425)	8/30/1998 7:41:00 PM
From: Maher Sid-Ahmed	Read Replies (2) of 213173

". Can't predict what will happen Monday. I put in a Stop at $30 so I can salvage a 25% profit." A bid at your stop loss will cause a sell of your shares. That is the way it works on the Nasdaq. On the New York - a bid at your stop loss will not be executed unless a trade goes through. A stop loss on the Nasdaq is not a wise thing to do. Best thing is to sell at a target price or sell at market when the price is close to your target price. At least that is my understanding of how the Nasdaq system works. I had placed a stop loss on other shares and saw the price drop to my stop loss and then rebounded to a couple of points above the closing and my shares were sold at the lowest price of the day. That is my experience with the Nasdaq. If I want to sell - I do so at the opening or set a realistic target price (say $35) and wait. The market dynamics will dictate your action. Maybe bargain hunters will push the market up a little in the morning or maybe we see a rebound or maybe another downtrend. Nobody knows. Maher

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next