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.

Microcap & Penny Stocks : WCTI (Wordcruncher Internet) Search Engine of the future. -- Ignore unavailable to you. Want to Upgrade?

To: Tom R. who wrote (1883)	1/24/1999 6:41:00 PM
From: De Peepster	Read Replies (2) \| Respond to of 5300

Dear Tomster, Your order would never be executed on a Limit Order if the bid dropped below it. What can happen also is that you may get a partial fill and the bid would drop, just to see if you are willing to "chase" it down, this happens more often in a slow market. Do remember that Market Orders are always executed prior to Limit as well as Stop Orders. Hence, if one really wants to buy or sell in fast moving conditions it is more prudent to put in Limit Order slightly above or below the ask or bid, IMHO. Hope this helps. L & S WCTI,,, Barbara

To: Tom R. who wrote (1883)	1/26/1999 4:43:00 AM
From: Dan B.	Read Replies (1) \| Respond to of 5300

A sell limit order will not execute at all 'til the price is up to at least your ordered limit price. In a fast moving market, you may get more. A sell stop order(stoploss) means if the price falls to your stated stoploss price, an order to sell your shares at market will then hit the market and could- in a fast moving market- be sadly filled WELL BELOW your stated stop price. If the stock moves up right after falling to your stop loss price your order stays in and might then in fact be filled above your stop loss price. Could go either way but normally lower unless you picked the exact turning point. You could avoid selling lower than your stop price by entering a combinition STOPLIMIT order to sell, which triggers a limit order to hit the market as soon as the stock falls to your stated price. This would prevent a sale at anything less than your ordered limit price- this is nice if you are confident of a rebound no matter how severe the downdraft...but if the market is falling fast and stays down- it won't get you out at all! If you think about it very long you realize how limited these tools can be. I hope this gives you the idea.