Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Trevor Quest who wrote (3247)	1/7/1999 12:30:00 PM
From: J. C. Dithers	Read Replies (2) \| Respond to of 4903

ONSL stop-losses a license to steal! I love this stock and have held it (off and on, unwillingly) for several months. Three times I have had my shares stolen on stop-losses ranging from 10% to 15% below current. On two of those occasions, the drop and rebound was so instantaneous that my actual sale price ended up several points above my stop price. In each case, the sudden drops occurred when the stock was running. At Thanksgiving time, I was stopped out at $34 while ONSL was running towards $110. Nothing could be so obvious--the MM's were taking out the stops so swiftly that not even automatic buy orders could have been executed during the momentary drops. I'm holding now without a stop and am fully confident that this will be a big winner in 1999.