cageybee77 said:

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question: how does one know when a Stop Loss transaction is allowed and when it isn't? Fidelity is telling me that FHTX (NasdaqGM) is over the counter and therefore not eligible. My ignorance on this issue has cost me too many $.

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What are stop orders?
Stop orders are used to buy and sell after a stock has reached a certain price level. A buy stop order is placed above the current market price, and a sell stop order is placed below the current price (to protect a profit or limit a potential loss).
For listed securities, a stop order to buy becomes a market order when a trade occurs at or above the stop price. A stop order to sell becomes a market order when a trade in the security occurs at or below the stop price.
For over the counter (OTC) securities, a stop limit order to buy becomes a limit order, and a stop loss order to buy becomes a market order, when the stock is offered (National Best Offer quotation) at or higher than the specified stop price. A stop limit order to sell becomes a limit order, and a stop loss order to sell becomes a market order, when the stock is bid (National Best Bid quotation) at or lower than the specified stop price. Note, however, that some market makers may apply the guidelines for listed security stop orders to OTC securities. Further information regarding specific transactions is available upon written request.
Stop orders are not always accepted. The specialists on the various exchanges and market makers have the right to refuse stop orders under certain market conditions. Not all securities are eligible for stop orders.
On open limit orders to buy and open stop limit orders to sell listed stocks, the limit price is automatically reduced on the "ex-dividend" date by approximately the amount of the upcoming dividend, unless you specify the do not reduce condition when you place the order.

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Irish 2.0 said:

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cageybee77 said:

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question: how does one know when a Stop Loss transaction is allowed and when it isn't? Fidelity is telling me that FHTX (NasdaqGM) is over the counter and therefore not eligible. My ignorance on this issue has cost me too many $.

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OTCs are different due to the ridiculous spreads they have sometimes, volatility, and frankly brokers don't like them. This is Fidelity's blurb.

http://personal.fidelity.com/webxpress/help/topics/learn_order_types_conditions.shtml

Quote:

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What are stop orders?
Stop orders are used to buy and sell after a stock has reached a certain price level. A buy stop order is placed above the current market price, and a sell stop order is placed below the current price (to protect a profit or limit a potential loss).
For listed securities, a stop order to buy becomes a market order when a trade occurs at or above the stop price. A stop order to sell becomes a market order when a trade in the security occurs at or below the stop price.
For over the counter (OTC) securities, a stop limit order to buy becomes a limit order, and a stop loss order to buy becomes a market order, when the stock is offered (National Best Offer quotation) at or higher than the specified stop price. A stop limit order to sell becomes a limit order, and a stop loss order to sell becomes a market order, when the stock is bid (National Best Bid quotation) at or lower than the specified stop price. Note, however, that some market makers may apply the guidelines for listed security stop orders to OTC securities. Further information regarding specific transactions is available upon written request.
Stop orders are not always accepted. The specialists on the various exchanges and market makers have the right to refuse stop orders under certain market conditions. Not all securities are eligible for stop orders.
On open limit orders to buy and open stop limit orders to sell listed stocks, the limit price is automatically reduced on the "ex-dividend" date by approximately the amount of the upcoming dividend, unless you specify the do not reduce condition when you place the order.

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The volume on this thing is awful on a $17 stock

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McInnis 03 said:

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Bob Knights Liver said:

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Those 995/1000/1005 TSLA flies should be looking decent at the open. I will look to go net free out of fears that it runs right by them.

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Yup. I'm wondering if I can get my .50 sells

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Bob Knights Liver said:

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McInnis 03 said:

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Bob Knights Liver said:

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Those 995/1000/1005 TSLA flies should be looking decent at the open. I will look to go net free out of fears that it runs right by them.

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Yup. I'm wondering if I can get my .50 sells

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Did you get any of these sold before we got Eloned? I did not.

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Irish 2.0 said:

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Have no idea. FHTX isn't OTC according to WSJ. It is Nasdaq

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McInnis 03 said:

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If you want a ROKU lotto time, it may be now. Higher high, higher low.

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McInnis 03 said:

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McInnis 03 said:

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If you want a ROKU lotto time, it may be now. Higher high, higher low.

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or not.

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Spoony Love said:

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SPY trying to fight at yesterday's close and has given up overnight gains. I think bulls win PSA: I'm wrong often

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