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To: Gorak Shep who wrote (11169)3/5/1999 11:49:00 AM
From: Piotr Koziol  Respond to of 16892
 
Gorak, must be "the revenge of the market makers" :^)

I noticed that freerealtime also has this problem...
I guess the MM's just want to confuse everybody totally
and force us to go back to the their good ol' days from
before the Internet trading.

/Piotr



To: Gorak Shep who wrote (11169)3/5/1999 12:18:00 PM
From: David Kuspa  Read Replies (1) | Respond to of 16892
 
Please help with a dumb question about short positions. It's my first time shorting a stock, and now that I've done it, I want to set a limit order to buy it back (buy to cover) at my price target. Do I set a simple limit buy at my price target, or will this trigger an immediate buy because it's below the stock's current price? Do I set a stop limit buy, or will this trigger as well, since my stop activation price is below the stock's current price? Or do I set a stop order? It's confusing.

Or is it impossible to enter automatic limit orders to buy back short positions?

David