Replies to post #27483 on China MediaExpress Holdings, Inc. (fka CCME)

[nsomniyak]

You will need to be very careful with stop losses when CCME re-opens.

Trading is likely to be VERY volatile, and there is a strong possibility the price could dip down, capture stop loss orders, then rise again.

Also, once the price passes through your stop, you order becomes a market order. If you had a stop at, say, 8, and the stock opened at 6--you would get 6, maybe less. To prevent this you would use what is called a "stop limit" order--that would trigger at a stop price and be then a limit sell order at that price. The order might not execute if the price blows down through your stop and stays lower. Talk to your broker about the different types of orders.

Stops are much less useful in volatile market conditions than under "normal" circumstances.

[dipstick55]

At this moment eyedoc, nobody knows what a "decent" exit would be. I, personally will most likely change my limit order as more comes out in the wash. I just put it in for the heck of it. Its a day by day thing I hate to say. Right now, nothing will be done with the HALT for sure until the 31st. LOL, we have time to find out more info, and then we can guess some more. Maybe give the longs time to figure out a strategy, since this short percentage is unprecedented as far as I know, with a halt.