Yes skorogi, excellent points. Some of us are good
Post# of 72446
Posted On: 12/20/2014 7:31:28 PM
Yes skorogi, excellent points. Some of us are good traders and can use the volatility to sell and then pick up more cheap shares. Others of us (like me) either aren't skilled/brave enough to do that. Anyway we've had yet more graphic illustrations of why people should NOT use stops on volatile biotech's, especially ones that trade in the OTC rather than Nasdaq or NYSE. I was watching closely on some of those extremely wide range days, and it saddened me to see "them" dip the stock down to pick off shares that clearly were there with stops, and then the stock would close unchanged or up.
Remember: If you put a stop-loss on there, the market makers and hedge funds can SEE it listed, and may go down and get it. If you just HAVE to put a stop on, at least make it a trailing stop, so that those creeps can't see it. Talk to your broker if you don't know how to do a trailing stop. But I really think you're going to have to have a mighty wide stop to NOT get taken out.
I did notice that someone had put in a sell order at 900.00. LOL ! ! ! ! that's a great way to tie up shares so they can't be shorted.
Remember: If you put a stop-loss on there, the market makers and hedge funds can SEE it listed, and may go down and get it. If you just HAVE to put a stop on, at least make it a trailing stop, so that those creeps can't see it. Talk to your broker if you don't know how to do a trailing stop. But I really think you're going to have to have a mighty wide stop to NOT get taken out.
I did notice that someone had put in a sell order at 900.00. LOL ! ! ! ! that's a great way to tie up shares so they can't be shorted.
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