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

To: Chucky who wrote (2079)	11/30/1998 11:56:00 PM
From: PAL	Respond to of 4903

Chucky: you are 100% correct. Paul

To: Chucky who wrote (2079)	12/1/1998 12:01:00 AM
From: Kelvin Taylor	Respond to of 4903

Chucky, <<There was no guarantee that the stock would bounce back to execute a limit order.>> True. With a limit set you would have to wait until the stock recovered before the execution of the trade. No guarantee the limit price will be hit, but you know the price you willing to sell is at least that or higher. <<If ONSL kept falling, a stop would have been a lot better to get out rather than waiting for a limit to be reached--that is if you really want out of the stock.>> Some folks here were very disappointed about how their stop orders went. They placed a stop at 85 and they were out at the next market price (around $50). If they wanted to take no less than 85, then a stop limit should have been used. With these wide price spreads on a daily basis I think its better to set a fixed price and not sell into a falling market. ONSL recovered back to 62($2 above last Thurday's close) after hitting a low of 48. Limits would have saved you from selling at the very bottom, at least for today. Kelvin