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To: Loring who wrote (17425)8/30/1998 6:49:00 PM
From: Linda Kaplan  Respond to of 213173
 
Ouch! I hope you're not stopped out, but it's an understandable thing to do.

Linda



To: Loring who wrote (17425)8/30/1998 7:41:00 PM
From: Maher Sid-Ahmed  Read Replies (2) | Respond to of 213173
 
". Can't predict what will happen Monday. I put in a Stop at $30 so I can salvage a 25% profit." A bid at your stop loss will cause a sell of your shares. That is the way it works on the Nasdaq. On the New York - a bid at your stop loss will not be executed unless a trade goes through. A stop loss on the Nasdaq is not a wise thing to do. Best thing is to sell at a target price or sell at market when the price is close to your target price. At least that is my understanding of how the Nasdaq system works. I had placed a stop loss on other shares and saw the price drop to my stop loss and then rebounded to a couple of points above the closing and my shares were sold at the lowest price of the day. That is my experience with the Nasdaq. If I want to sell - I do so at the opening or set a realistic target price (say $35) and wait. The market dynamics will dictate your action. Maybe bargain hunters will push the market up a little in the morning or maybe we see a rebound or maybe another downtrend. Nobody knows.

Maher