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Technology Stocks : NANO -- Ignore unavailable to you. Want to Upgrade?

To: Steve168 who wrote (1687)	4/22/1998 12:37:00 AM
From: Wade	Read Replies (1) \| Respond to of 2272

Steven, I would like to place my orders at the next two lower support lines. Of course I do not wish to see that to happen, because of my current holdings. However, any thing can happen if a big stock holder panic first. I especially concern mutual funds....they may have to sell the biggest % loser, regardless the fundamentals. I caught this falling sword before...it was pure luck. I would like to try it again. I could not place my orders at the prices I wanted yesterday, because my discount broker(Waterhouse) rejected them due to "the price is much lower than the market price". They still rejected it even I changed it from GTC to day order. Looks like I have to watch the prices closely to place my orders. I will try to find out where the rules come from and what the range is for placing my buy and sell orders. Any one heard this before? I remembered that I placed my buy orders at 4 7/8 while NANO was trading at ~6 1/4 (about 20% below the market) last year. That was how I got my order filled.... Pure luck. It was a different broker at that time. I wonder if there are different rules among them. I do not expect NANO to trade at this price again. I just wonder what is the % rule at here. Take a look at SWTX, the stock price just keep on sliding when panic selling sets in. It rebounded at $5 which I did not buy due to my large holding already. I should have used my remaining cash to buy up the ask. It had a nice rebound very quickly....just because of it has a great fundamental and future potential. I read a book the title is closed to this.... "how to buy stock at a bargain price". I could not find it right now and do not remember the name of the author. The bargain happens at panic situation, especially the year end tax selling. However, I find it work best if you know the stock very well, otherwise it is a gambling. There are certain risk at here, because of the big seller may know something we do not know. Nevertheless, it is a calculated risk. I wish this won't happen at here. Sincerely, Wade