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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?


To: SirVinny who wrote (24733)4/23/1999 1:47:00 AM
From: David in Ontario  Read Replies (1) | Respond to of 37507
 
NASDAQ trading - the "stop loss" is not always your friend

The "stop loss" is the lazy person's method of a fail safe.

How many must there be in place for BIDS? The MM's see them all lined up like domino's with big fat bulls-eye's painted on them. They lick their chops - grab a bowling ball - and send it on its merry way.

A pile of stop losses can at times be too tempting a target for the MM's - whose only desire is to see volume whatever way it's going.

Just something to consider FWIW.

David.