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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: macduff3 who wrote (69978)	11/5/1999 2:05:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

A buy stop is really a buy order (like a buy limit), not to be confused with a stop loss which is a stop AFTER you've entered. I was going to go right in at 21 but decided to make sure the uptrend was more established. This stock was hot for 3 days but I didn't take advantage of it solely because of its low volume. When a stock is rallying, you will be stopped in long whenever the stock hits your 'buy stop' call. If however, like in JNIC, the price continues to go down, of course you won't be stopped in. Perhaps buy limit is a more understandable term. There is also a sell stop which is an order to sell short..