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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Apollo who wrote (42689)5/16/2001 12:01:46 PM
From: Andrew N. Cothran  Read Replies (1) of 54805
 
When you put in a "buy-stop" order, the dealer knows that you want the stock only if it hits your stated price. If it hits that price, then your buy-stop order becomes active and can be filled at/above/below your stop price as the market dictates. But it must hit your stop before it becomes active.

A "buy-stop" order is an order that prevents a stock from running away from you on the upside if and when it starts its move. Meanwhile, before your stop is hit, you just sit there watching like everybody else who might want to buy but have not yet bought.
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