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NASDAQ does not permit stop orders. NASDAQ is a network of computerized
trading, thus, no stop orders----bid and ask. Some few brokers will
accept stop orders---they are held in the broker's computer network or
there is a clerk that is supposed to enter the order when the stop is
reached. LOTS of SLACK in that type of system.
Al Taglavore
UG wrote:
>
> While perusing Fidelity's online trading site (I have an account there), I
> notice that they don't allow stop orders on NASDAQ stocks. Is this some
> regulatory thing, or a Fidelity oddness?
>
> (They also don't allow short sales via their web site. Nutty.)
>
> --
> ========================================================================
> His thoughts tumbled in his head, making and breaking alliances like
> underpants in a dryer without Cling Free.
> http://www.unixgeek.com/cgi-bin/motd.pl - PGP email preferred
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