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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling
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To: t_w_b who wrote (752)5/18/2001 7:54:11 PM
From: Bid Buster  Read Replies (1) of 6873
 
TWB: two types of stop orders..a stop and a stop limit...sounds like you used a stop, when a stock hits your limit it becomes a market sell, in a free falling stock where buyers have stepped away your stop may get filled at a much lower price where buyers step in.

a stop limit will become a limit sell order at the price you set, however it is not uncommon for a limit order to get gaped over such as would occur at the open when a stock gaps down therefore it would not get filled.
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