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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Scott who wrote (37079)	4/28/1999 9:22:00 PM
From: Chet	Read Replies (1) \| Respond to of 120523

I'm not totally familiar with discount internet firms because I work for a major Brokerage firm, but we do not accept Stop loss orders on the OTC. The rational is that there are so many different market makers that we can not be held to a price . Bids can move so fast that it can trade away at your price but not at the market maker your order sits at and the problems are unlimited. My thought on stop-limit orders are that you falsely think you have protection but the trader can skip right over your price and you can wait a long time before you can be sure of an execution . You are therefore sitting there when a stock is dropping wondering whether you are "out" . I the mean time you can not enter a market order without the fear that you have doubled up your trade. Not a happy feeling! Hoping that my 30 years of experience helps . Its better on the listed exchanges but also exposed to problems.