Re: [CANSLIM] Buy Stop Limit orders?


From: "NANCY POLCARO" <ZILLAGIRL@msn.com>
Subject: Re: [CANSLIM] Buy Stop Limit orders?
Date: Fri, 6 Sep 2002 13:10:03 -0700

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which is right?  One says a stop order will always execute somewhere even=
 if it is not at the stop price( this is what I thought) and one says the=
 market can pass through the stop and it will never be executed.  They bo=
th can not be correct.  Advice from the more experienced then I please.  =
Thanks again for the help nancy
 =20
- ----- Original Message -----
From: Dan Forant
Sent: Friday, September 06, 2002 10:57 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Buy Stop Limit orders?
 =20
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 orde=
r.
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 sto=
p,
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 abov=
e
> > 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 on=
e
> > buy at the pivot point. Or not?
> >
> > Thanks,
> > Warren
> >
> >
> > -
> > -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > -In the email body, write "subscribe canslim" or
> > -"unsubscribe canslim".  Do not use quotes in your email.
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.
>


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<HTML><BODY STYLE=3D"font:10pt verdana; border:none;"><DIV>which is right=
?&nbsp; One says&nbsp;a stop order will always execute somewhere even if =
it is not at the stop price( this is what I thought) and one says&nbsp;th=
e market can pass through the stop and it will never be executed.&nbsp; T=
hey both can not be correct.&nbsp; Advice from the more experienced then =
I please.&nbsp; Thanks again for the help nancy</DIV> <DIV>&nbsp;</DIV> <=
BLOCKQUOTE style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5=
px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FON=
T: 10pt Arial">----- Original Message -----</DIV> <DIV style=3D"BACKGROUN=
D: #e4e4e4; FONT: 10pt Arial; COLOR: black"><B>From:</B> Dan Forant</DIV>=
 <DIV style=3D"FONT: 10pt Arial"><B>Sent:</B> Friday, September 06, 2002 =
10:57 AM</DIV> <DIV style=3D"FONT: 10pt Arial"><B>To:</B> canslim@lists.x=
mission.com</DIV> <DIV style=3D"FONT: 10pt Arial"><B>Subject:</B> Re: [CA=
NSLIM] Buy Stop Limit orders?</DIV> <DIV>&nbsp;</DIV>A stop order, buy or=
 sell will always execute (somewhere). A Stop Limit<BR>order may not if t=
he market blows up through the stop *limit*.<BR><BR>DanF<BR>----- Origina=
l Message -----<BR>From: "david frank" &lt;camelot.homes@charter.net&gt;<=
BR>To: &lt;canslim@lists.xmission.com&gt;<BR>Sent: Friday, September 06, =
2002 12:53 PM<BR>Subject: Re: [CANSLIM] Buy Stop Limit orders?<BR><BR><BR=
>&gt; Warren, the bad thing about a stop order is that it is a secondary =
order.<BR>A<BR>&gt; broker doesn't have to execute it, thereby, you don't=
 really have any<BR>&gt; recourse, if it is not executed, although the pr=
ice of the stock was<BR>within<BR>&gt; your price parameters. If the pric=
e of the stock is outside of your stop,<BR>it<BR>&gt; will not execute. d=
ave<BR>&gt; ----- Original Message -----<BR>&gt; From: "Warren Keuffel" &=
lt;wkeuffel@xmission.com&gt;<BR>&gt; To: "CANSLIM list" &lt;canslim@lists=
.xmission.com&gt;<BR>&gt; Sent: Friday, September 06, 2002 10:55 AM<BR>&g=
t; Subject: [CANSLIM] Buy Stop Limit orders?<BR>&gt;<BR>&gt;<BR>&gt; &gt;=
 I am curious (yellow) -- sorry, bad joke that will be undersood only by<=
BR>&gt; &gt; those of a certain age, if no one "gets" it I will explain, =
if asked --<BR>&gt; &gt;<BR>&gt; &gt; anyway, back to the subject -- whet=
her people here have used buy stop<BR>&gt; &gt; limit orders to trigger a=
 purchase if the price of a stock rises above<BR>&gt; &gt; the limit pric=
e. You would need to use this with some sort of manual or<BR>&gt; &gt; au=
tomatic scan for increased volume to make a good buy on a breakout,<BR>&g=
t; &gt; but given the volume, seems like a buy stop limit order would hel=
p one<BR>&gt; &gt; buy at the pivot point. Or not?<BR>&gt; &gt;<BR>&gt; &=
gt; Thanks,<BR>&gt; &gt; Warren<BR>&gt; &gt;<BR>&gt; &gt;<BR>&gt; &gt; -<=
BR>&gt; &gt; -To subscribe/unsubscribe, email "majordomo@xmission.com"<BR=
>&gt; &gt; -In the email body, write "subscribe canslim" or<BR>&gt; &gt; =
- -"unsubscribe canslim".&nbsp; Do not use quotes in your email.<BR>&gt;<BR=
>&gt;<BR>&gt; -<BR>&gt; -To subscribe/unsubscribe, email "majordomo@xmiss=
ion.com"<BR>&gt; -In the email body, write "subscribe canslim" or<BR>&gt;=
 -"unsubscribe canslim".&nbsp; Do not use quotes in your email.<BR>&gt;<B=
R><BR><BR>-<BR>-To subscribe/unsubscribe, email "majordomo@xmission.com"<=
BR>-In the email body, write "subscribe canslim" or<BR>-"unsubscribe cans=
lim".&nbsp; Do not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTM=
L>

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Next Article (by Subject): [CANSLIM] GAN - strange chart pattern david rossing
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