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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (3146)	12/28/2004 10:22:36 AM
From: Vendit™	Read Replies (1) \| Respond to of 8752

Thanks for that info John. I use Scottrade so your email reply from them is of particular interest to me. I stay in the NASDAQ and NYSE arenas so I should be good. I think the only time in my memory that I can think of when I was burned by a stop order was back in the mid 1990s when I had a 5,000 share position in a biotech stock. The stock closed at $23 the day before and my stop was at $21.50. After hours the FDA announced that they were pulling one of its drugs from the market (Fin Fin). The following morning the stock opened at $8. My stop order executed at $8. <ggg> The stock closed that day at $14, you can imagine that I was a little pithed but a lesson well learned. (Plus a tax write-off well earned) Reid

To: John Carragher who wrote (3146)	12/28/2004 10:35:42 AM
From: Michael Hart	Read Replies (1) \| Respond to of 8752

Stop-Limit Order A combination of a Stop order and a Limit order. This type of order is placed to buy or sell a security at a specified price or better, but only after a given Stop price has been reached or passed. I'm used to seeing this( above) as the selection for the type of stop you posted. Trailing stop is a Stop-limit or Stop-market which is "trailed" behind the price of a rising stock price. This requires manual intervention to change the stop price of the transaction. FWIW, Mike