3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: Bill Coenen who wrote (25044)	11/21/1998 2:07:00 AM
From: joe	Read Replies (2) of 45548

A buy stop, as I understand it, will trigger off a market buy once a higher price has been reached from where the order was set. For example, if COMS is at $39 7/8 today (more or less), I might want to set a buy stop at $40.5. If the stock price hits $40.5, then my order will buy the stock as soon as it can for whatever price it is able to. You can use this, when you can't be around to watch the tape. You might come back to the tape and find out the price is already at $41.25 for instance, possibly not a desired buy point. I think this stuff is usually in the help session in your online brokerage. It's also in the Barron's business dictionary, I believe. hope this helps, joe

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