SI
SI
discoversearch

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 : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: jach who wrote (34041)1/10/1999 12:48:00 PM
From: tonyt  Read Replies (2) | Respond to of 164684
 
>market and limit orders are somewhat limited when dealing with very volatile
>stocks; a more flexible one will be to have a stop order with a particular range in
>mind such as establishing position between 160 and 165.

The 'complaint' was that a buy order was filled a too high a price. To protect this, a limit order is used. If the stock is at 160 in a fast moving market, then put the limit at the highest your willing to pay. A limit of 170 when the market is at 160 may not make sense at first, but a limit of 170 on a buy means 170 or lower. The buy would not be filled once it went over 170.

A stop order would not apply in this case.