Re: [CANSLIM] Buy Stop Limit orders?

From: "david frank" <camelot.homes@charter.net>
Subject: Re: [CANSLIM] Buy Stop Limit orders?
Date: Fri, 6 Sep 2002 13:16:41 -0500

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I am sorry, should have said that limit orders or stop limit orders are not
guaranteed to execute. Straight stop orders become market orders once the
stock trades through the stop price. dave
- ----- Original Message -----
From: "Dan Forant" <dforant1@nycap.rr.com>
To: <canslim@lists.xmission.com>
Sent: Friday, September 06, 2002 12:38 PM
Subject: Re: [CANSLIM] Buy Stop Limit orders?


> 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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