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Microcap & Penny Stocks : Ames Department Stores (AMES) -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (786)	11/20/1997 5:49:00 AM
From: Arthur Tang	Read Replies (1) \| Respond to of 1911

Many AMES stockholders did not understand the use of limit orders or stop loss orders. I often wonder how many stockholders got taken out by their stop loss orders at $0.5 below yesterday's close. If it happened to you please report on this thread, so that others will not be foolish to lose their hard earned investments. Limit orders tip off the market makers to buy or sell from you. When business is slow, they will move prices to satisfy your limit orders. You should never tip people off and give them the previlege to take your orders. Always sell at the end of the day, 5 minutes before closing to get your best price near closing price, which is published each day. On turn around stock such as AMES, long term prospect is such that temporary pull back is not important. Stop loss orders are sure losers. Even Mr. Gash who started AMES on the clean and bright strategy, got taken out on his stop loss order below $8. He reported some time ago, now AMES is $17.