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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?


To: ahhaha who wrote (14382)7/9/1999 12:13:00 PM
From: Robert G. Harrell  Read Replies (1) | Respond to of 42804
 
<<OT>>Thanks for your thoughtful answer. You cram a lot into a few words so it will take this non professional (though very successful non pro) a while to fully understand the implications of what you've said.

If I understand you correctly, when I have a stop tripped on a seemingly dramatic dip, it is because there are no buyers between my stop and the last trade, so my stop is the next ask in line, so to speak, and the MM has to drop the price within 1/4 point of my order if a buy at market order comes in. I have only experienced this on fairly thinly traded stocks. I guess I need to re-think my strategy on stops on these kinds of stocks. Rather than insurance against a big loss, they just become an invitation to loose a stock at or near the low for the day.

If anyone else wants to comment on this, I would welcome your thoughts.

Again, thanks for your answer.
Bob