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Microcap & Penny Stocks : WCTI (Wordcruncher Internet) Search Engine of the future.

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To: Tom R. who wrote (1883)	1/26/1999 4:43:00 AM
From: Dan B.	Read Replies (1) of 5300

A sell limit order will not execute at all 'til the price is up to at least your ordered limit price. In a fast moving market, you may get more. A sell stop order(stoploss) means if the price falls to your stated stoploss price, an order to sell your shares at market will then hit the market and could- in a fast moving market- be sadly filled WELL BELOW your stated stop price. If the stock moves up right after falling to your stop loss price your order stays in and might then in fact be filled above your stop loss price. Could go either way but normally lower unless you picked the exact turning point. You could avoid selling lower than your stop price by entering a combinition STOPLIMIT order to sell, which triggers a limit order to hit the market as soon as the stock falls to your stated price. This would prevent a sale at anything less than your ordered limit price- this is nice if you are confident of a rebound no matter how severe the downdraft...but if the market is falling fast and stays down- it won't get you out at all! If you think about it very long you realize how limited these tools can be. I hope this gives you the idea.

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