V. 19:2 (24, 64): Q&A by Don Bright

V. 19:2 (24, 64): Q&A by Don Bright
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NASDAQ STOPS Are Nasdaq stops possible?My broker tells me that you canít protect yourself on the downside by putting in a stoploss sell order if your stock is listed on the Nasdaq. Is that true? ó Lana Huddleston

Good question. Since there is no actual marketplace with a single entity in control of the pricing of the stock, as there is on the New York Stock Exchange (NYSE) and the American Stock Exchange (AMEX) (specialist system), then who would be holding your stop order? Since the Nasdaq is a fragmented market (using many market makers instead of a single specialist), there is no practical way to execute stop orders. (cont.)

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