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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: Trio who wrote (6199)	2/4/1999 10:04:00 AM
From: PistolPete	Read Replies (1) of 27722

Protective stops... I watched a bunch of people get killed with those on WAVX the other day. The MMs jumped on them like bums on a bologna sandwich. The worst part is that if you put a stop on a stock and it crashes in a "fast market" they won't work anyway, the MMs are allowed to pretty much ignore them because of market conditions. In a 'normal' trading day, they hunt them down and grab them and then run the price back up (like they did with WAVX) and leave you on the sidelines. Mental stops...only way to go.

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