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To: Highway Jim who wrote (49142)9/2/2003 8:42:23 PM
From: BWAC  Respond to of 53068
 
No. You'll get in theory whatever the next trade is. When it is your turn in line. Might be 18, might be 17.99, might be 17.90, might be 18.01, etc.

A Stop Limit order would get you 18, but then again might never execute if the stock kept falling and never went back to 18 after the order triggered.



To: Highway Jim who wrote (49142)9/2/2003 9:33:30 PM
From: Larry S.  Respond to of 53068
 
a stop order at 18 means that if the stock trades at 18 or below, your stop order becomes a market order and you get the next price. If the stock is in a freefall, or gaps below 18 (say opens at 15) you will get filled in the 15 area.
a stop limit order at 18 means that if the stock trades at 18, your stop limit order becomes a limit order to sell at 18. If you can get 18 or better for it, it will trade, if you cannot get 18 or better, it will not trade. larry


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