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To: Colin Cody who wrote (3258)	1/7/1999 1:58:00 PM
From: bc_mack	Read Replies (2) \| Respond to of 4903

"JC how does one get a stop loss entered for a NASDAQ stock? Does your broker keep track of it, and then execute a market order if the broker happens to catch it? Or do you have it placed with one market maker? I didn't think MMs will accept stop loss orders???" I'm pretty sure it is the first option you mentioned. For anyone curious about the big ONSL cave-in on November 30, go look at some of the Yahoo postings back in that time; see also this thread and the SI thread "You're Broker Just Screwed You -- Now What?". There were stop losses that were set for $80+ that got filled at $49.5. The brokers in some instances adjusted the fills to approximately $10 below the original stop loss amount. There is certainly a big risk here. I'm not even sure if brokers will still perform this "stop loss" service.