Replies to post #39184 on A.I.M. Users Bulletin Board (AIMUSERS)

[Toofuzzy]

Hi SF

I have a lot of consecutive sales in IBB and then BIB more recently and while I want to take a sale so I can buy at a higher price if it just pulls back 30%, I also dont want to sell 5 shares at a time. So I placed a GTC trailing stop. You can either place jt a dollar amount or a percentage below the current last sale or with Fidelity, below the last bid and maybe ask.

The GTC price goes up with the stock price but does not go down so if the stock eventually goes down, the stock is sold. If the stock drops quickly, you can end up with a much lower price than you expect. If you place a GTC stop limit, you will either get the trailing price, or the trade will not go thru as the price drops much lower.

Choose your poison as to how far below to place the stop.

I placed my very first such order today and I have been a stock owner for 42 years. I will increase the number of shares to sell per AIM if / as the shzre price moves up.

Toofuzzy