Bid.com International (BIDS) Message Board

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Microcap & Penny Stocks : Bid.com International (BIDS)

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To: Muwamba who wrote (13550)	3/26/1999 11:06:00 AM
From: keith	Read Replies (3) of 37507

WARNING......to all those who set STOP LOSSES....learn from the likes of the chief....in a fast market you will probably get stop out. The other thing that will happen in a fast market is that your stop loss may turn out to be your worst nightmare. Example: Onsale move very fast in the fall time from $20 to $100 within a week or two. People put in stop losses at $60(wise thing to do you would think) but when the market came crashing down on Onsale those stops got filled at $30 or $40. Not nice when you paid $45 for them. A stop loss turns into a market order fairly quickly and can go against you. Chief....not picking on you here....just showing people an example of what can happen.....

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