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Technology Stocks : EFAX.com - easy-to-use fax-to-email technology
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To: Ms. X who wrote (450)3/16/1999 10:15:00 AM
From: Jon Stept  Read Replies (1) of 1197
 
Ms.X- re" 2-3pts behind the stock and just follow it up..."

Hi Ms. X,

Just a note, I have been burned using a stop.

If a stock goes down, especially one like this, the stop only automates the sell and does not guarantee the sell price.

I use E-Schwab, and I just got done placing a sell that took 5 minutes to fill and cost me 4 points. I was way, way on the upside, but it is a good example.

I now know stocks like this have to be monitored, unless you are connected directly or much more closely in some way to the ECN, like some of these advancec services offer.

Just my opinion.

Jon :)
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