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My broker also uses these rules. Bids are
irrelevant.
Nasdaq stocks which trade during the pre-market
period sometimes have a huge spread between the bid or offer, but no sane
trader takes the bid or offer hence there are no actual trades at these
prices.
If your broker refuses to operate in this manner,
then find another broker. Nasdaq stocks will be untradeable with this
broker.
Peter
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
chris
langguth
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxxxxx
Sent: Wednesday, December 03, 2003 3:29
AM
Subject: RE: [Metastockusers] GREY is
"over the counter" ?
<FONT face=Arial
size=2>A sell stop can only be triggered if the price is
offered at or below ortrades at or below your sell stop price. Bids
don't matter. There arealmost always bids below sell
stops.You might ask for times and sales. Yours can not be the
only trade at orbelow $638. This would mean you set off your own
stop. You should pressfor an answer as quickly as possible.
Even if you are correct the brokerwill be more reluctant to correct the
"error" if the price is higher.Good luck.-----Original
Message-----From: swing72000 [mailto:azer789@xxxxxxx]Sent: Tuesday,
December 02, 2003 10:54 AMTo: Metastockusers@xxxxxxxxxxxxxxxSubject:
[Metastockusers] GREY is "over te counter" ?Hi,I trade
from Europe on the Nasdaq (3500 stock) for two months .I have buy GREY at
666 $ the 10 of november .I have placed a stop at 638 $.Yesterday , my
stop was released at 625 $ but the low was 673 $.My broker said to me GREY
is trader "over te counter" and the bid was625 and my stop released
!Is it exact ?And if it's exactly how can I know the list of stock
"over tecounter "?And how can you place a stop with this stock
?Thanks for answer .To unsubscribe from this group,
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