[CANSLIM] Re: Stop Loss orders

From: Karen White <karenwhite7@charter.net>
Subject: [CANSLIM] Re: Stop Loss orders
Date: Sun, 08 Dec 2002 09:03:33 -0800

Next Article (by Date): Re: [CANSLIM] Re: Stop Loss orders "Patrick Wahl"
Previous Article (by Date): Re: Fundamental Philosophies (was: [CANSLIM] NXTL, SXT) AJAskey@aol.com
Next in Thread: Re: [CANSLIM] Re: Stop Loss orders "Patrick Wahl"
Articles sorted by: [Date] [Author] [Subject]

Morning folks.... I may already know this answer but maybe I dont so want 
to ask.  In an effort to tighten up and Not ride stocks down I have been 
putting stop losses in place and "trailing" them up if the stock goes up 
and leaving them in place if the stock goes down.  I have certainly been 
stopped out a lot lately doing this.  But... the other morning I had a SL 
on a stock 1.20 below the closing price.  First thing on the open this 
stock was sold and the stock immediately jumped back up to the price it had 
been at.  How does this happen?  Is the stop loss on someones radar and 
they just go get it on the open someway?  But since it takes the stocks 
trading at that price to make it an open order doesnt there have to be 
another trade at that price?

Is the fix to never put stop losses on stocks that are more thinly 
traded?  What would be a good number of shares traded to consider "mental 
stop losses" rather than putting in the orders.?  This stocks (MVSN) has 
average daily trading of 702 thousand shares.. That doesnt sound too light 
to me but maybe it is... Is there another answer to do this?  Thanks for 
all the help.  This market is truly frustrating!!! Karen


- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.