Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 88.13

+1.0%

Nov 21 9:30 AM EST

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To: Alan Hume who wrote (9048)	10/31/1998 10:51:00 AM
From: Gary Wisdom	Read Replies (1) of 93625

Alan, there are many rules to live by when you trade stocks #1 is NEVER put in a stop at a round number. You'll get hosed every time. If you were concerned about $65, put in a stop at $64 11/16. The market makers love to run through stops. But they don't want to give the stock away. So, if there were a bunch of stop loss orders in the books at $65, they would run it to maybe $64 13/16 but no lower. Of course, in yesterday's case, they took out the $64 stops too. #2 is never bitch about a stop loss. If you're going to put one in in the first place, be happy that you're out. Schwab did the right thing on your order. A stop loss is no guarantee that you'll get that price. A stop order is a market order only once it hits that price. Finally, IMHO, Schwab sucks. I just moved my account a few weeks ago and am thrilled. Good luck.

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