Re: [CANSLIM] Buy Stop Limit orders?

From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] Buy Stop Limit orders?
Date: Fri, 6 Sep 2002 13:38:49 -0400

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A stop order, buy or sell will always execute (somewhere). A Stop Limit
order may not if the market blows up through the stop *limit*.

DanF
- ----- Original Message -----
From: "david frank" <camelot.homes@charter.net>
To: <canslim@lists.xmission.com>
Sent: Friday, September 06, 2002 12:53 PM
Subject: Re: [CANSLIM] Buy Stop Limit orders?


> Warren, the bad thing about a stop order is that it is a secondary order.
A
> broker doesn't have to execute it, thereby, you don't really have any
> recourse, if it is not executed, although the price of the stock was
within
> your price parameters. If the price of the stock is outside of your stop,
it
> will not execute. dave
> ----- Original Message -----
> From: "Warren Keuffel" <wkeuffel@xmission.com>
> To: "CANSLIM list" <canslim@lists.xmission.com>
> Sent: Friday, September 06, 2002 10:55 AM
> Subject: [CANSLIM] Buy Stop Limit orders?
>
>
> > 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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