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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: Highway Jim who wrote (49142)9/2/2003 9:33:30 PM
From: Larry S.   of 53068
 
a stop order at 18 means that if the stock trades at 18 or below, your stop order becomes a market order and you get the next price. If the stock is in a freefall, or gaps below 18 (say opens at 15) you will get filled in the 15 area.
a stop limit order at 18 means that if the stock trades at 18, your stop limit order becomes a limit order to sell at 18. If you can get 18 or better for it, it will trade, if you cannot get 18 or better, it will not trade. larry
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