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

To: WebDrone who wrote (14394)	7/9/1999 12:25:00 PM
From: Linkdog	Read Replies (1) \| Respond to of 42804

Lookin' good - 15 3/8 on the ask..

To: WebDrone who wrote (14394)	7/9/1999 6:18:00 PM
From: Robert G. Harrell	Read Replies (1) \| Respond to of 42804

Thanks Web. Here's ahhahaha's PM'd response to my question which might be of interest to other learners like me. <<To: Robert G. Harrell From: ahhaha Friday, Jul 9 1999 12:43PM ET I have made some corrctions: 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) bid in line, so to speak, and the MM has to (drop) buy stock at the price within 1/4 point of (my) the last order if a (buy) sell 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. Quite correct. Go market. >> I've only been back in the market for 3 years after a long Rip Van Winkle absence and have not yet progressed to using options. I have bought a couple of books on using options but haven't read them yet. I guess I've been doing so well in my simple unsophisticated way that I haven't felt a pressing need to use options. Now that I'm up more than 5 times my old salary only half way through the year, I'm mostly interested in locking in gains. Thus the stop orders. Options are probably the preferred method which I need to learn. Interestingly, ahhahaha said he sees a sell off coming and is 70% in cash. My simple way of doing the same thing is to let the market take out my stops and move me to cash if it starts to fall. Have a great weekend. Maybe you'll get lucky and have a "Jack" type weekend. My daughter, the doctor, gave my wife a 2 week sample of the estrogen patch and it turned her into a wild woman just in time for a bed and breakfast weekend. Cheers, Bob