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To: PnclNk who wrote (15892)	3/23/1998 1:47:00 AM
From: upanddown	Read Replies (1) \| Respond to of 95453

If you mean, do stops have to sell AT your stop price? The answer is emphatically NO. The sale will occur at OR BELOW your stop price. I my actual experience, at market open my stocks were sold slightly below to $2 below the stop order and in each case roughly $2 below where the stock traded only a few minutes later. Actually what I meant was using a STOP LIMIT order (thats what Schwab calls it)(i.e. stock is 42 stop limit at 40) and the stock drops to 40 and then below 40 before you can be sold. I have never done it but my understanding is that the order will not be executed except exactly at 40 as opposed to a stop where the order would execute at 40 or below. John