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 : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: GrnArrow who wrote (4125)	1/26/1999 2:38:00 PM
From: steve goldman	Respond to of 4969

RE: -->See below RE: If you enter a stop loss order at 50, does it become a market order as soon as the bid drops to 50, or does there have to be a print at 50? Listed- Prints there =>market order; OTC; bid there or worse =>market order 2)Say your stop loss order is at 50, the bid is at 50 1/16, and there is a print on some secondary exchange at 49 7/8. Does the stop loss order become activated? It shouldnt'. It should key offthe primary exchange, nyse or amex. or does the print have to occur on the nyse? 3)When a stop loss order is activated, what is its priority in relation to other market orders or marketable limit orders that arrive before and after the stop is activated? Its a market order. you generally get the next price. but you are asking about the situation in which there might be a huge influx at that very moment. For example...you have a sell stop at 50, 50 1/16 bid..when it prints at 50, its a market order to sell, behind those market orders that he already has, behind those that may have generated the print at 50. for that reason I always suggest keeping the stops away from active numbers such as within an 1/8thof a whole number. everyone else is thinking whole numbers and this just adds to your problems. regards, steve@yamner.com Thanks Steve! Grn