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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: ct who wrote (13180)	12/27/1998 8:56:00 PM
From: RocketMan	Read Replies (2) \| Respond to of 13594

In the panic of summer '98, when AOL started to tank from 100 or so, I put in stops at 90. When it got to the lower 90's I lowered the stop to 80. Then I thought 80 is too round a number, so I made it 78 1/2. It went down to the lower 80's, then before I knew it the MMs took it down to 78, stopped me out, and it ran right back up from there. I was so disgusted I did not even get back in until 120. Of course, that was pre-split. Now I am looking at buying puts rather than placing stop limits.

To: ct who wrote (13180)	12/27/1998 9:47:00 PM
From: Dr. D	Read Replies (2) \| Respond to of 13594

Stop losses can get you in trouble. Hi tc Your stop loss horror story was very similar to mine I sent to LindyBill. There is another problem associated with stop loss orders." The MM can see them." If there are millions of stop loss orders just sitting there, I'm sure they can manipulate the stock to pick them up. Then run it back up. Most people will not be glued to there terminal to make the stop loss trigger profitable, in terms of a buyback at a lower price. Assuming they are stupid enough to sit and watch a stop loss get triggered. In my opinion a stop loss on an Internet stock is an invitation to losses. Best wishes 3d