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 11:53:16 -0500

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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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