Replies to post #38264 on LIGATT Security International (LGTT)

[rtclaus]

Well its common knowledge that you can't use stop loss on sub penny stocks.

[chocolope]

scottrade won't allow me to set a "stop" of any kind...not to mention the r/s is what really killed me.

Unable to enter order because stop and stop limit orders are not allowed on Bulletin Board, Pink Sheet and Foreign ADR/ORD securities.

[takes12know1]

No one could have used a stop loss in this case. When the reverse split happened, the ticker symbol changed. I also closed at .0001 and when it opened a few days later it was at .02 with 1/2000 less shares. My stop loss didn't hit because the stock price actually went up and the ticker symbol changed.