Food for thought.
I emailed the brokerage. Another thought I had was - the bid/ask goes wonky after the market closes. Not a great scenario but in theory if I see a stock tanking today and want to get in tomorrow, before 4pm go in and place my ON STOP BUY - in which case I am above the last ask.
The question is - because it is in BEFORE the EOM and BEFORE the ASK takes off above my trade - will the order stick?
Again I will see what they say then him them with this reply and see if that works ok. Alternative is being there manually diddling with this stuff at 930. And if the stock opens a lot lower (continuing the downtrend) then all is for not.
I asked for "what are my options" so we will see. Typically pretty good on dos and don'ts.
Now if this was my cable company - they would come back with "Thank you for contacting Rogers. Yes you can place an ON STOP ORDER below the ask price. If you have any further questions please ensure you respond to this email. Thank you for choosing Rogers."
B
"When you have to shoot, shoot. Don't talk."
Tuco (The Good, the Bad and the Ugly)
"An umbrella with holes is better than no umbrella at all."
Dr. Alexander Elder on using stops.
