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> ... shares of IOM at $12.25. He put in a stop
> loss. Because of a 2 cent dividend loss, the stock dropped to about $8.00
> in one day and he lost about $8000. The thing I don't understand, is that
> it was traded after hours. My friends stop-loss was useless.
>
> Can someone verity this? Can stocks be traded after wall street has closed
> for the day? Is the stop-loss only good during market open hours?
>
I did the same thing, only for a couple hundred (luckily)...it's starting to
climb back up.As for the overnight thing, I didn't know that either.... I'll be
interested in finding out as well!
Wayne
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