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 7:43:00 AM
From: Wayners	Read Replies (3) of 45548

The buy stop works because it can get you into a stock in a lightning quick market. If I saw a break, then waited to manually get a market order in on my browser or by waiting on the phone a minute for a broker, then accounting for slippage on that order--you can easily miss a lot of bucks fast. You can miss the entire move if you are trying to pick up quarters or halfs. The answer is a buy stop where a computer places your order at the speed of light. A buy stop limit works just as good for most active stocks with volume well over a million shares per day. If you have an ECN like Attain or Executiner or something--you are only a click away from a fill and there is no such thing as a buy stop, but you still have to be fast with the mouse clcik. I'd rather have my order in and ready to go because ANY delay whatsover will cost you big dollars. Also like Joe said, you don't have to watch it every second either which is a big plus for those of us that spend way too much time posting messages on S.I. during the day. (By the way Joe if you keep posting 200 messages a day I'll never catch up to your post totals.)

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