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.

Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (18354)	1/9/1999 4:30:00 PM
From: Cheeky Kid	Read Replies (1) \| Respond to of 53068

I meant to say am in Bre-X...I was one who lost. Still shows up on my monthly statement.

To: Susan Saline who wrote (18354)	1/9/1999 6:19:00 PM
From: DanZ	Read Replies (1) \| Respond to of 53068

Stops on Internet stocks. Sue, As you know, a sell stop becomes a market order if it is hit and there is no guarantee that you will get filled even close to where it was placed. You are at the mercy of the market if your stop is hit. If there is sufficient size near your order and not too many other sellers, then it will probably work out ok. But if a bunch of market sell orders hit at the same time that your stop is triggered and there aren't enough bids, look out. You could get filled several dollars from where your stop was placed. There's a note on the order entry screen at Ameritrade's web site that suggests NOT using market orders in Internet stocks. A stop order becomes just that and it's very dangerous. I still believe that one of these days the Internet stocks are going to crash and many who are long will try to get out at the same time. That's the day that many will lose a fortune in one day. I'm still not trading the Internet stocks because I'm convinced that the minute I buy, the crash will come. Best of luck with your investments in the Internet stocks and may you get good fills on your stops in the unfortunate event they are hit. Dan