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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: Trio who wrote (6212)	2/4/1999 1:33:00 PM
From: JW Steve	Read Replies (3) of 27722

<<Limit orders can also kill you. If the stock gaps up or down you may NEVER get filled b/c it has to trade at your limit to fill you>> Yeah, I got burned on GEEK by limits and my own greed. I live in AK, so I live and die by limits (as opposed to actually getting up at 4:00 AM). The price was near 50 and I put in an order to sell at 50 hoping it would go up, it didn't. Next day, it was hovering around 45-46 all day. I put in a sell limit at 46 assuming it would break it in the last hour or two with shorties closing. No such luck, closed at 45.5 . So I figure, I better not be greedy and I put in a sell limit at like 44. I get up and check it out, it opened at 36. I lost alot of cash because I didn't just sell the first time at 45.5 and tried to squeak out an extra point. LESSON LEARNED. PS Sorry for the distraction from NAVR, I am in the middle of the best investment I ever made, 500% in 2 days on JBOH. jw steve

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