New Era of Networks (NEON) Message Board

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Technology Stocks : New Era of Networks (NEON)

NEON 2.105

+1.7%

Nov 25 3:59 PM EST

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To: amoezzi who wrote (440)	5/7/1999 2:03:00 PM
From: joshi	Read Replies (2) of 1222

Amoezzi And David, Well, a stop is a limit price for a transaction. A sell stop is the downside limit you set. For example, if you buy a stock at 10 and set a sell stop at 8, your security will automatically sell if the price drops below the 8 dollar limit. A buy stop works the opposite way. IF u see that a stock breakout point is at the 15 dollar level and it currently trades at 14, u can set it up so that one the security hits 15 u will automatically buy it. This way, you dont miss out on the upside move if u are not sitting at your computer. "The inital breakout is usually the strongest and can be between 2 and 5 points sometimes. P.S. It is not possible to have a buy and sell stop set at the same time. This is based on my understanding. Maybe Sue can eloborate a little on this. David, Z portfolio is right here on SI www4.techstocks.com

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