InvestorsHub Logo

SOUTHGAS

01/27/18 2:24 PM

#56869 RE: MorrisG #56842

Yes but like I stated late last nite.there is gonna be slippage.Look here about the 3rd item down on this from investopedia describing Market orders>>>https://www.investopedia.com/terms/m/marketorder.asp <<<You put a sell in like yesterday at 230 for 20 mill the price at .0077 your not gonna sell all at that price.No your only gonna get whats showing so like the example on slippage the selling was done at 235 yesterday 5 mins it took to drop to .0019 those were almost 20 mill total because the accumulation/distribution shows 198 mill shares at 230 and at 235 182 mill thats that one order and he didnt make 157k no he gave up a lot of profit as that market order filled as the price dropped.Those were not stop losses at all that was his one order...If more people would only realize to ask their broker they would know like Fidelity and Scotttrade dont allow stop loss orders on pink sheets its something people always think happens but in reality they have never checked AND AGAIN the fact that at 235 the price started back up after those almost 20 mill were sold as per the chart shows you can see why market orders are really not the way to Go.Folks would do way better selling in smaller increments because they dont cause sudden price drops or i terrupt the momentum...IFXY ENDED GREEN SO IT SHOWS HOW STRONG THIS BABY IS! ;-)