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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (83886)	10/2/2000 11:37:33 AM
From: Knighty Tin	Respond to of 132070

ild, The floor usually holds them on the NYSE. I'm not sure about the Nasdaq, as there is no centralized specialist. On the NYSE, the specialist decides to take in all of the stop orders within a reasonable range before running the stock. No sense in allowing the plebian class to profit from stocks. I don't use them. The idea is that price is magic, and as a fundamentalist, I don't believe that. I use many better ways to limit my losses (diversification, put insurance, doing my homework, etc). I think stop losses are for people who are betting more than they should.