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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (25353)	8/23/2001 6:52:22 PM
From: SBHX	Respond to of 30051

Carl, I guess depending on the trigger (these stop losses are only artificial ones on the nasdaq right?) I think some trader sitting on a terminal still has to key in the sell orders --- normally they should be mkt order sells, unless it was a mental stop, in which case, it could still be trying to gain a few pennies --- given the light vol on the bid side, selling >6000 at mkt at that point would have been catastrophic and got them all the way down close to 4.10 (especially on archipelago which had almost no bids)