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


To: Al Gutkin who wrote (5807)4/22/1998 8:21:00 PM
From: William, III  Read Replies (1) | Respond to of 10227
 
You know, you can always place a market order. Is 1/8 that big a deal?



To: Al Gutkin who wrote (5807)4/22/1998 8:24:00 PM
From: Ken Benes  Read Replies (2) | Respond to of 10227
 
Al:

I missed the low price also. I do not have to attend many meetings anymore, but today I had one. One word, when a stock is diving like nextel has the past two days, it is very risky to catch the bottom with a limit order. When the target price is reached, hit it with a market order. This works only if you are watching the ticker, if you are not, you have to use a limit order. If you miss the bottom, it will not matter as we saw today with nextel.
Whether today was a reversal or a bounce remains to be seen, although, six million share says a whole lot in favor of a reversal.

Ken