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Old 10-14-2009, 04:48 PM
trent trent is offline
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Join Date: Jun 2008
Posts: 387

Originally Posted by ttibsen View Post
Assume that I bought 100 shares of Moose Pasture Mines @ 5 on the Toronto Stock Exchange. Further assume that MPM is not a heavily traded stock. I want to limit my losses on MPM to a dollar so I set the following order

Sell Stop MPM @ 4

I have just learned to my utter disbelief and amazement that if MPM trades down to and lower than 4, my order will only go through at 4 so that if there isn't a buyer for my 100 shares @ 4 exactly, my Stop order will remain unfilled even though the trading has gone below the 4 dollar level. Could this possibly be true? If so, what kind of protection do you have for stocks that don't have heavy trading?

Which discount brokerage are you using?
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