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Technology Stocks : Ascend Communications (ASND)
ASND 206.43-1.2%3:36 PM EST
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To: Finder who wrote (28017)12/16/1997 3:34:00 PM
From: Sowbug  Read Replies (1) of 61433
 
Semi-OT Semi-OT Semi-OT Semi-OT Semi-OT Semi-OT Semi-OT Semi-OT

Question about basic terminology:

I know what a market order is ("Go out and get the best price right now").

Is a limit order just a market order executed once another trade has gone through at the limit price or better? Or is it an instruction to go out on the floor and keep offering the trade at the limit price or better until someone accepts it?

Thanks.
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