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Technology Stocks : America On-Line: will it survive ...?
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To: ct who wrote (13180)12/27/1998 9:47:00 PM
From: Dr. D  Read Replies (2) of 13594
 
Stop losses can get you in trouble.

Hi tc

Your stop loss horror story was very similar to mine I sent to LindyBill.

There is another problem associated with stop loss orders." The MM can see them." If there are millions of stop loss orders just sitting there, I'm sure they can manipulate the stock to pick them up. Then run it back up. Most people will not be glued to there terminal to make the stop loss trigger profitable, in terms of a buyback at a lower price.

Assuming they are stupid enough to sit and watch a stop loss get triggered.

In my opinion a stop loss on an Internet stock is an invitation to losses.

Best wishes

3d
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