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.

Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: funk who wrote (858)	11/7/1997 9:06:00 PM
From: ojai	Read Replies (2) \| Respond to of 12617

aeashley- I was the one saying that the MM's play with stops, I don't know for certain if that is true, but I do know that they manipulate the prices up and down, triggering stops as they go. That is why when a stock price drops 10-20% or so, it will sometimes go down more, and rapidly, because sell stops are being triggered. Of course short covering can compensate for that, giving a false rally. I am currently using Datek, which allows you to place market and limit stops. Stop Market = once the stop is triggered, your sell order becomes a market order. Stop Limit = once the stop is triggered, your sell order becomes a limit order at the price you set. I've heard of limit orders being passed up in a fast moving market, and you could be left holding the stock anyway. Also, I believe Datek does not allow stop orders on NYSE, only NASDAQ. -Tim

To: funk who wrote (858)	11/8/1997 12:01:00 PM
From: steve goldman	Read Replies (1) \| Respond to of 12617

Stop Orders....There are two type of stop orders, stop and stop limit. A plain stop order becomes a market order when it hits your number. ir. if you give an order to sell intc with 70 stop, it is a market sell order when the stock prints for the first time down to 70. If they halt the stock and open it at 55, the firm works the order as a market order at 55. A stop limit places a limit on your stop. You go sell 500 intc with 70 stop 65 limit. means sell the stock when it hits 70 but no lower than 65. Regards, steve@yamner.com