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Astex Pharmaceuticals, Inc. Message Board

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  • toolatetrade toolatetrade Nov 26, 2004 5:12 PM Flag

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    no, as i said, stop loss orders do not work in this case there is NO down side protection. by placing a do not reduce order would meam that you will only get filled @ 6 if the stock opens at 6 and 400 shares are offered at 6 and your order is first up. do not reduce means you will only be filled @6 dallars on your order. with news in front of a bio, the likely out come will either be a gap up to 7-9 dollars or better or on bad news somthing below 6, say 4-5 dollars. you can not use stop loss orders in this trading envirorment. there is no protection in this case on bad news.

 
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