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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: t_w_b who wrote (752)	5/18/2001 7:53:32 PM
From: Don Pueblo	Respond to of 6873

May I? It's a very tough question to answer without knowing who your account is with and how they execute their trades. I assume you understand how a stop-loss works...your stop-loss price is hit, and that turns your order into a live order. In other words, in this case, the first trade at 13.50 turned your order into a live order. The question then becomes "How did I get filled .80 away from my stop-loss?" There can be many, many reasons; the market is moving very fast, the trading is very thin, the spreads are huge, or your broker screwed up...or a combination of any of these. (The "your broker was trying to help you out" option does not exist.) Of course, you know to keep a record of all your trades.

To: t_w_b who wrote (752)	5/18/2001 7:54:11 PM
From: Bid Buster	Read Replies (1) \| Respond to of 6873

TWB: two types of stop orders..a stop and a stop limit...sounds like you used a stop, when a stock hits your limit it becomes a market sell, in a free falling stock where buyers have stepped away your stop may get filled at a much lower price where buyers step in. a stop limit will become a limit sell order at the price you set, however it is not uncommon for a limit order to get gaped over such as would occur at the open when a stock gaps down therefore it would not get filled.