Teletek: Big Earnings About To Be Posted Message Board

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Microcap & Penny Stocks : Teletek: Big Earnings About To Be Posted

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To: David Luckie who wrote (974)	5/14/1996 9:48:00 PM
From: jack parlevliet	of 1014

re: stop orders be very careful with these stop orders!! on intraday charts has anybody ever seen a very fast huge down spike in the middle of or just before a upturn. this is sometimes a mm dropping the price for a very short period of time only to trigger the automatic stop sell order. they then grab your shares (after all, there is the price and there is your automatic sell order) for a price that under normal cirmstances you would not sell them for. i am as nervous about stop orders as i would be about placing a market order on a bb stock with etrade. just open your wallet and give them your money, it will simply take the suspense out of the trade i am not saying that this happens alot but it happened to me and it could happen to you. lets be careful out there jmcp

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