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Technology Stocks : New Era of Networks (NEON) -- Ignore unavailable to you. Want to Upgrade?

To: amoezzi who wrote (440)	5/7/1999 2:03:00 PM
From: Susan Saline	Respond to of 1222

a buy stop is an order that will only go off if/when a stock hits that price. Buy stops are good to use on stocks that have a history of making large moves quickly. It saves a trder from have to "chase" a stock up. They are not for all stocks, or trades. Something that is learned from following very closely the trading style of any particular stock If a stock is trading up n down during the day, there comes a point where traders feel it will "take off" for example today's trading on NEON, I look at the intraday (one day) chart and see the high at about 39 3/8 ... so then I think resistance will be taken out if it goes above that point, so I "plan" mental or real, a buy stop at 39 5/8 ... but everyone uses different entry points ... and some sell on new highs., so it is still a gamble.

To: amoezzi who wrote (440)	5/7/1999 2:03:00 PM
From: joshi	Read Replies (2) \| Respond to of 1222

Amoezzi And David, Well, a stop is a limit price for a transaction. A sell stop is the downside limit you set. For example, if you buy a stock at 10 and set a sell stop at 8, your security will automatically sell if the price drops below the 8 dollar limit. A buy stop works the opposite way. IF u see that a stock breakout point is at the 15 dollar level and it currently trades at 14, u can set it up so that one the security hits 15 u will automatically buy it. This way, you dont miss out on the upside move if u are not sitting at your computer. "The inital breakout is usually the strongest and can be between 2 and 5 points sometimes. P.S. It is not possible to have a buy and sell stop set at the same time. This is based on my understanding. Maybe Sue can eloborate a little on this. David, Z portfolio is right here on SI www4.techstocks.com