I suggest you listen to Bill...lol
Post # of 3830
from another board if you dont think the MM's play games look at this.
Posted by: Bizreader Date: Monday, May 04, 2009 7:02:00 PM
In reply to: None Post # of 68902
Here's a heads up from another board:
"Posted by: RS500 Date: Monday, May 04, 2009 6:18:48 PM
In reply to: mazmania who wrote msg# 130320 Post # of 130344
You are mad if you do this, I am an owner of DNDN and the about 10 days ago there was a bear raid on DNDN which took the stock from $27 to $11.50 in 70 seconds taking out all of the stop losses in it's wake, the stock was halted until after hours where it resumed trading at $22 but all of those people that had a stop loss were without their shares. I am sure you have read about it. Luckily I did not have a stop loss so I still have my shares, it has however hurt the stock and is currently still under short pressure from the hedge funds who had/have a 20+% short interest, had the stop losses not been there it would have just have been a blip and the short hedgies would have lost a mint in this action, but as a result in the stop losses they were able to cover at half the cost of normal trading range and they are still at it.
So my recommendation is not to put a stop loss in unless it is at or above your target sell price
thought this would help your folks
Hope all is well