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Zalicus Inc. Message Board

  • tigerw1234 tigerw1234 Sep 14, 2013 5:33 AM Flag

    Protect shares

    Is it possible to put a stop on quote order to protect against potential losses? Like after the run up, right before the news is about to be released, i would imagine the price will be very close to one dollar if not above it. IS it possible to be a stop on quote order at like .70 or .80, sell instantly if the news is negative - or will they release the news in the pre-market and we all get crushed.

    i think if they just gave us a day WHEN the news will be released it would be so much easier. why dont they do this? they must know by now when they will release the data.

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    • Tiger---not an expert on stops---but in my past experience---you get crunched by the market makers and the big boys....For example-----lets say prior to Synavive you put a stop market order.......You wake up the next morning---hello----your stop at 1.10, i.e. got taken out that morning at .78.... you were last in line--pre-market crunched you....Stops-----always risky business in my experience....Others may have clearer tales.....

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