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To: george lapins who wrote (8881)6/24/1998 3:41:00 AM
From: Rene Madsen  Read Replies (1) | Respond to of 16892
 
You say you put a stop limit of 33 with a limit price of 33 1/8.

That means that once a sale is happening at 33 you're activating a sale limit order at 33 1/8 - i.e. your sell order is 1/8 over what the marked price is worth. Hardly surprising you were unable to sell. Normally it would have been sold once the price went up again.

Another thing is that in MHO you should not put a stop order in so close to the current trading. You often see spikes going up or down a full point, and that would normally activate your order.

Better to sit ready on the trigger.