Re: [CANSLIM] Buy Stop Limit orders?

From: "Boyd" <theboyd@tisd.net>
Subject: Re: [CANSLIM] Buy Stop Limit orders?
Date: Fri, 06 Sep 2002 16:04:35 GMT

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Warren,

I have used these at Datek.  They were based on price alone; no vol
involved.  There is some risk of a failed BO that retraces to the base
quickly or has no vol, but I've been lucky to avoid disaster so far<G>

Norm


Warren Keuffel writes:

> I am curious (yellow) -- sorry, bad joke that will be undersood only by
> those of a certain age, if no one "gets" it I will explain, if asked --
> 
> anyway, back to the subject -- whether people here have used buy stop
> limit orders to trigger a purchase if the price of a stock rises above
> the limit price. You would need to use this with some sort of manual or
> automatic scan for increased volume to make a good buy on a breakout,
> but given the volume, seems like a buy stop limit order would help one
> buy at the pivot point. Or not?
> 
> Thanks,
> Warren
> 
> 
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