Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Quaddad who wrote (42025)	4/2/1998 9:01:00 PM
From: Joseph Colombo	Read Replies (1) \| Respond to of 61433

<<You are correct about the new nasdaq rules and limit order visibility. On a stop limit order, you enter your stop activation price. When the stop is activated, the order is entered into the system as a limit order. At which point it would be visible the the market.>> Quaddad, Do you have any idea why the new rule was put into effect?

To: Quaddad who wrote (42025)	4/2/1998 9:59:00 PM
From: Glenn D. Rudolph	Respond to of 61433

You are correct about the new nasdaq rules and limit order visibility. On a stop limit order, you enter your stop activation price. When the stop is activated, the order is entered into the system as a limit order. At which point it would be visible the the market. This has been my understanding. Glenn

To: Quaddad who wrote (42025)	4/3/1998 10:51:00 AM
From: Todd DeMelle	Read Replies (1) \| Respond to of 61433

I'm confident ASND will at least meet estimates (based on reading this board), but have no idea how the market will respond. I placed a stop at 38 today. I did this because I have some margin exposure that I want to at least be able to cover, but I also want to be able to participate in any advance based on earnings. If we get a pop on earnings, I'll probably move my stop up (and, based on the run we've seen and the volatility I've come to expect in ASND, I imagine it to be taken out not long after earnings unless there's some news...) Comments on this strategy are welcome. Also, would someone be so good as to explain the difference between stop orders and stop limit orders? Including situations in which one or the other would be the more appropriate trade type would be nice too. I asked a rep at Ameritrade yesterday. She didn't have an air of confidence about her, but she explained that a stop order will sell at or below the indicated price and that a stop limit order would be activated at the indicated price, but wouldn't execute until that price was hit again... I presume, then, making it possible for your stop limit to get rolled over in a big selloff. This doesn't seem like it could be right to me. Thanks.