Datek Brokerage $9.95 a trade Message Board

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Non-Tech : Datek Brokerage $9.95 a trade

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To: Gorak Shep who wrote (11169)	3/5/1999 12:18:00 PM
From: David Kuspa	Read Replies (1) of 16892

Please help with a dumb question about short positions. It's my first time shorting a stock, and now that I've done it, I want to set a limit order to buy it back (buy to cover) at my price target. Do I set a simple limit buy at my price target, or will this trigger an immediate buy because it's below the stock's current price? Do I set a stop limit buy, or will this trigger as well, since my stop activation price is below the stock's current price? Or do I set a stop order? It's confusing. Or is it impossible to enter automatic limit orders to buy back short positions? David

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