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Technology Stocks : Network Solutions (NSOL) -- Ignore unavailable to you. Want to Upgrade?


To: Internet Jones who wrote (743)4/6/1999 4:57:00 AM
From: DlphcOracl  Respond to of 1377
 
Thank you for correcting my post. You are right, of course. What I meant to say was to use a Buy Stop Order (not a Buy Limit Order). Although one may well purchase a stock at a price above the level where the Buy Stop Order level is specified on a morning gap-up (perhaps as much as 10% in a worst-case scenario), this is usually not significant in the greater scheme of things when one of these stocks bounces back up. The 5 to 10% one may lose when the target is hit and converted to a market buy order palls in comparison to trying to "catch a falling knife" and guess where an internet stock temporarily out of favor will bottom and settle.