Go to Jeff Salisbury LWGate Home Page.From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] Buy Stop Limit orders?
Date: Fri, 6 Sep 2002 20:03:56 -0400
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Stop orders guarantee you a sell or buy order. It could be at the stop =
price, near it or far from it, but the order will be exercised. I never =
leave the PC without sell stop (loss order) set to a support level or =
whatever. I don't believe in the floor specialists gobbling up sell stop =
orders. I trade a few hundred stocks per year and don't have a problem =
with sell stop orders.=20
DanF
From: NANCY POLCARO=20
To: canslim=20
Sent: Friday, September 06, 2002 4:10 PM
Subject: Re: [CANSLIM] Buy Stop Limit orders?
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 both can not be correct. Advice from the more experienced then I =
please. Thanks again for the help nancy
----- 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?
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
> >
> >
> > -
> > -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.
>
-
-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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<META http-equiv=3DContent-Type content=3D"text/html; =
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bgColor=3D#ffffff>
<DIV><FONT face=3DArial>Stop orders guarantee you a sell or buy =
order. It=20
could be at the stop price, near it or far from it, but the order will =
be=20
exercised. I never leave the PC without sell stop (loss order) set to a =
support=20
level or whatever. I don't believe in the floor specialists gobbling up =
sell=20
stop orders. I trade a few hundred stocks per year and don't have a =
problem with=20
sell stop orders. </FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>DanF</FONT></DIV>
<DIV> </DIV>
<DIV><B>From:</B> <A title=3DZILLAGIRL@msn.com=20
href=3D"mailto:ZILLAGIRL@msn.com">NANCY POLCARO</A> </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, September 06, =
2002 4:10=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Buy Stop =
Limit=20
orders?</DIV>
<DIV><BR></DIV>
<DIV>which is right? One says a stop order will always =
execute=20
somewhere even if it is not at the stop price( this is what I thought) =
and one=20
says the market can pass through the stop and it will never be=20
executed. They both can not be correct. Advice from the =
more=20
experienced then I please. Thanks again for the help nancy</DIV>
<DIV> </DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt Arial">----- Original Message -----</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt Arial; COLOR: =
black"><B>From:</B> Dan=20
Forant</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>Sent:</B> Friday, September 06, =
2002 10:57=20
AM</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>To:</B> =
canslim@lists.xmission.com</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>Subject:</B> Re: [CANSLIM] Buy =
Stop Limit=20
orders?</DIV>
<DIV> </DIV>A stop order, buy or sell will always execute =
(somewhere).=20
A Stop Limit<BR>order may not if the market blows up through the =
stop=20
*limit*.<BR><BR>DanF<BR>----- Original Message -----<BR>From: "david =
frank"=20
<camelot.homes@charter.net><BR>To:=20
<canslim@lists.xmission.com><BR>Sent: Friday, September 06, =
2002 12:53=20
PM<BR>Subject: Re: [CANSLIM] Buy Stop Limit orders?<BR><BR><BR>> =
Warren,=20
the bad thing about a stop order is that it is a secondary=20
order.<BR>A<BR>> broker doesn't have to execute it, thereby, you =
don't=20
really have any<BR>> recourse, if it is not executed, although =
the price=20
of the stock was<BR>within<BR>> your price parameters. If the =
price of=20
the stock is outside of your stop,<BR>it<BR>> will not execute.=20
dave<BR>> ----- Original Message -----<BR>> From: "Warren =
Keuffel"=20
<wkeuffel@xmission.com><BR>> To: "CANSLIM list"=20
<canslim@lists.xmission.com><BR>> Sent: Friday, September =
06, 2002=20
10:55 AM<BR>> Subject: [CANSLIM] Buy Stop Limit=20
orders?<BR>><BR>><BR>> > I am curious (yellow) -- sorry, =
bad=20
joke that will be undersood only by<BR>> > those of a certain =
age, if=20
no one "gets" it I will explain, if asked --<BR>> ><BR>> =
>=20
anyway, back to the subject -- whether people here have used buy=20
stop<BR>> > limit orders to trigger a purchase if the price of =
a stock=20
rises above<BR>> > the limit price. You would need to use this =
with=20
some sort of manual or<BR>> > automatic scan for increased =
volume to=20
make a good buy on a breakout,<BR>> > but given the volume, =
seems like=20
a buy stop limit order would help one<BR>> > buy at the pivot =
point.=20
Or not?<BR>> ><BR>> > Thanks,<BR>> > =
Warren<BR>>=20
><BR>> ><BR>> > -<BR>> > -To =
subscribe/unsubscribe,=20
email "majordomo@xmission.com"<BR>> > -In the email body, =
write=20
"subscribe canslim" or<BR>> > -"unsubscribe canslim". Do =
not use=20
quotes in your email.<BR>><BR>><BR>> -<BR>> -To=20
subscribe/unsubscribe, email "majordomo@xmission.com"<BR>> -In =
the email=20
body, write "subscribe canslim" or<BR>> -"unsubscribe =
canslim". Do=20
not use quotes in your email.<BR>><BR><BR><BR>-<BR>-To=20
subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-In the =
email body,=20
write "subscribe canslim" or<BR>-"unsubscribe canslim". Do not =
use=20
quotes in your email.<BR></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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