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Technology Stocks : Data Broadcasting Corp. (DBCC)

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To: RockyBalboa who wrote (2493)1/10/1999 8:38:00 AM
From: Ariella  Read Replies (1) of 5102
 
Hi Christian -- you said it better than I did. Limit orders are for when you want to buy, stop losses are to protect you (hopefully) from a sudden downdraft in price. What I actually wanted to stress was that both involve specifying a specific price at which an ordering activity will take place. For my taste, this is almost always better than doing a market order. The discount brokers advertise their best prices and speediest confirmations when an investor places a market order. In the fast moving kinds of markets we have lately, especially on the NASDAQ and especially in the case of IPOs, market orders can be really dangerous to one's financial well-being.

Regards,
Ariella
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