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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: Chet who wrote (37083)	4/28/1999 10:16:00 PM
From: jan m.	Read Replies (2) \| Respond to of 120523

I had bad experience last year--to say the least-with one of my stocks, it cost me thousands of dollars. The company missed earnings, and the stock opened 50% lower than the close of the night before. I was using a discount broker, and had no stop loss in place. I bailed, good thing because it never recovered, and the brokerage house told me a stop loss wouldn't do any good in a situation like that, because no one could get out before the open. I always wondered if I could have done anything different or if I was given some bogus information about how stop losses work.