Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Wi-LAN Inc. (T.WIN) -- Ignore unavailable to you. Want to Upgrade?

To: Sans Souci who wrote (608)	9/19/1999 11:21:00 AM
From: Don MacKenzie	Read Replies (2) \| Respond to of 16863

Regarding stop loss orders. It is my opinion that it is the best way to get taken out of the money. When this stock was trading over $11, it dropped to $9.10 and back up to mid $10's in 30 minutes. It did the same when it dropped to $7 from $9's and then recovered. Both times I think it was stop loss orders that caused this. I don't know if the MM's can see the stop orders sitting there. If they can and I was one of them and I knew it was a good buy it would be easy to trigger the stops and pick up the stock. I had 700 shrs. of EGRP at around $17 originally and fiddled around trying to pick up small gains by day trading it. It suddenly went from $27 to $35 and never looked back. At the time I was out of the money. Those 700 shares would have split twice after that and at the high they would have been worth over $600,000.00. This is why I'm holding this one very tightly for the long term. I hold considerably more than 700 shares. The trading pattern of this stock indicates that the stock is being very tightly held. This can make for some weird trading days because of the presence of stop losses. Even a couple of nervous investors putting in a market order by mistake or through stupidity can cause wild fluctuations. For me, it's very nice to have invested in a company that I really have confidence in for the long haul. I can watch the stock without worrying that it's going to suddenly drop and never recover.