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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: Andja Miskin who wrote (3783)	10/9/1998 4:57:00 PM
From: Char	Respond to of 59879

Andja Normally you won't have a problem putting stops on listed issues during the day. Where you get hosed is if you leave the stop on overnight and the stock opens way down. In this case, unless you have a limit stop, you will get sold out at the open which may be far below where you had your stop set. If you set limit stops and the stock opens below your stop price then you wont get filled. NASDAQ stocks are another matter. The market makers know where all the stops are and when they want shares they just drop the price down and trigger the stops then they run the price right back up. I've had this happen many times before I learned to never put stops on NASDAQ stocks. That being said, I know Mark uses stops on NASDAQ stocks and he says he doesn't have many problems. You pay your money and take your chances. Dave

To: Andja Miskin who wrote (3783)	10/9/1998 5:08:00 PM
From: Rashid Garuba	Read Replies (2) \| Respond to of 59879

I think they fish for stops on listed issues also, although not as flagrantly as on NASDAQ. Remember each listed stock has less representation (competition) that NASD. They do police each other though. You know what? If we do our homework before the trading day and enter at low risk areas/trade with the trend, stops are not to be worried about as much as when trading against extremes. Read "The Electronic Trader". You'll learn a lot. Good weekend everyone. Rashid