HeartSoft Incorporated (HTSF) Message Board

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Microcap & Penny Stocks : HeartSoft Incorporated (HTSF)

HTSF 0.0001000

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Jun 27 11:26 AM EST

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To: Richard L. Williams who wrote (952)	1/24/1999 11:48:00 AM
From: Laszlo	Read Replies (1) of 1781

At 60¢, several stop-losses were triggered, to the tune of between sixty and eighty thousand shares. Those sales knocked the bid down to 58¢, which then triggered more stop-losses...... <snip> EVERYBODY! Never, NEVER, NEVER use a stop-loss on a penny stock that you think you might really want to hold on to! Market makers can see stop-losses on their Level III logs, and if they are hurting for shares, they will figure out a way to get the stop-losses to trigger. I guess I have a time believing what you say about stop loss orders getting triggered. As far as I know, stop losses are not available from any broker for Nasdaq stocks. I've tried to use them, and I know I can't. What makes you think that's what happened? I think it was just some healthy profit-taking (but not by me ;-)) Laszlo

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