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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Rob Davis who wrote (2183)	1/13/1999 8:03:00 PM
From: Wizzer	Read Replies (1) \| Respond to of 62348

That is exactly what I have been told. Once the stock trades at the physical price of your STOP, it becomes a SELL AT MARKET order until filled. It is only activated when someone else sells at that price. In this way, it can have a positive or negative effect depending on if it moves up or down from there. In my specific case, only a Yorkton trade went through at my STOP price and it bounced up on the next trade gaining 15 more cents for about 3 minutes. Anything in that range would have made me more money. They had ample time to trade my stock at a higher price. In fact I believe it is possible, depending on the size of the block to be sold, that an order could be filled at several different prices above or below a STOP. Regards, Wisam

To: Rob Davis who wrote (2183)	1/13/1999 8:23:00 PM
From: the Chief	Respond to of 62348

Hi Rob. If i put in a Stop Limit order. Stop at 5.00, limit at 4.90 and I have 10,000 shares. When the stock trdes at 5.00 the Stop order becomes a market order, suppose there is only 5000 shares wanted between 5.00 and 4.90, when the stock goes to 4.80 you have only sold 5000 shares. When the stock returns to 4.90 on the way up, your stop limit does NOT kick back in. If the stock spends the rest of the time at 4.99 to "0" you will not sell the remainder of your "Stoplimit shares!The only way your stop can kick back in is to "fall" thru 5.00 going downward. Wizzers situation If the Stop order kicks in, the order automatically becomes a market order. At the time the Stop was triggered if the next sale was a buy for 5c higher than his stop, then his market order would revert back to the STOP, and his shares would not sell! If this is not how it works, then I have plenty of grevience with the Royal Bank/Action Direct and Nesbitt Burns because thats how they treat it!!< the Chief