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

To: Todd DeMelle who wrote (42086)	4/3/1998 11:05:00 AM
From: Quaddad	Read Replies (1) \| Respond to of 61433

Todd, the definitions of the stops are correct. When your stop price is met on a stop limit, your order will be entered into the system as a limit order. At which point, you will get an execution at a price equal to or better than your limit price. You use these to essentially keep the market makers from screwing you. You are right about getting rolled over if the stock is dropping fast. Happened to me once. You can always set a wider spread between your stop activation and your limit price. But that really wouldn't be any different than just placing a stop market.