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Strategies & Market Trends : Daytrading lessons learned the hard way -- Ignore unavailable to you. Want to Upgrade?

To: Don Pueblo who wrote (6)	7/29/1999 6:01:00 PM
From: EyeDrMike	Read Replies (1) \| Respond to of 24

i disagree, i think limit orders should always be used, even it the limit order is several dollars below the current price. at least you assured as to where the bottom is, and your not at the mercy of the market. i remember seeing a large sell go thru ABTX a year or two ago; was the damnest thing i ever saw. Large block sale. the stock was trading in the low to mid teens, from what i recall, and for a second or two, dropped to high single digits, where this poor slob got filled, then moved right back up to where it had been trading moments before.