Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 202.96

-2.8%

Jan 9 9:30 AM EST

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To: Nazbuster who wrote (13764)	9/20/1997 4:32:00 PM
From: Chi-X	of 61433

Daniel, here's an explanation of a "stop buy". A stop buy is a non-marketable order placed above the current trading price and executes when the price rises to the specified price. The order can be a market stop buy or a limit stop buy. For example, lets say ASND was trading at $36 and I wanted to place a stop buy just in case there's a big bounce. I first place one market stop buy at $37 and this order will execute if ASND keeps going up. If there's a mad rush to buy ASND due to some unexpected news, the stop buy may even execute at $37 1/4 due to a flood of orders. However, if I place a limit stop buy at $37, then the order will only execute at $37 when the price rises that high. In some cases during a mad rush to buy the stock, this order may not execute due to the fast upward movement of a stock. Cheers, Chi-X hath Spoken! Absolutely Princess Diana 1961-1997 members.aol.com

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