SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Ascend Communications (ASND)
ASND 211.05-0.7%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Quaddad who wrote (42025)4/3/1998 10:51:00 AM
From: Todd DeMelle  Read Replies (1) of 61433
 
I'm confident ASND will at least meet estimates (based on reading this board), but have no idea how the market will respond. I placed a stop at 38 today. I did this because I have some margin exposure that I want to at least be able to cover, but I also want to be able to participate in any advance based on earnings.

If we get a pop on earnings, I'll probably move my stop up (and, based on the run we've seen and the volatility I've come to expect in ASND, I imagine it to be taken out not long after earnings unless there's some news...)

Comments on this strategy are welcome.

Also, would someone be so good as to explain the difference between stop orders and stop limit orders? Including situations in which one or the other would be the more appropriate trade type would be nice too.

I asked a rep at Ameritrade yesterday. She didn't have an air of confidence about her, but she explained that a stop order will sell at or below the indicated price and that a stop limit order would be activated at the indicated price, but wouldn't execute until that price was hit again... I presume, then, making it possible for your stop limit to get rolled over in a big selloff.

This doesn't seem like it could be right to me.

Thanks.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News