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China Information Technology, Inc. Message Board

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  • lightdoesnotage lightdoesnotage Mar 9, 2011 10:37 AM Flag


    Who would be silly enough to put in a stop loss order on a stock like this? That is just asking for a bear raid. I saw it happen in real time on a biotech stock AVNR. The bear raid drove the price from $3 to $1.50 right as the FDA approved the drug and a ton of people got stop lossed out and lost their shares, only to see the stock close the day at $5.

0.83-0.04(-4.60%)Sep 27 3:58 PMEDT