Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.2 9/18/84; site ucla-cs.ARPA Path: utzoo!watmath!clyde!cbosgd!cbdkc1!desoto!packard!hoxna!houxm!whuxlm!akgua!sdcsvax!sdcrdcf!trwrb!trwrba!cepu!ucla-cs!brett From: brett@ucla-cs.UUCP Newsgroups: net.invest Subject: Re: Limit Orders Message-ID: <3831@ucla-cs.ARPA> Date: Fri, 8-Feb-85 22:16:36 EST Article-I.D.: ucla-cs.3831 Posted: Fri Feb 8 22:16:36 1985 Date-Received: Sun, 10-Feb-85 06:30:58 EST References: <3754@ucla-cs.ARPA> <1274@trwrba.UUCP> Organization: UCLA Computer Science Department Lines: 32 > I understand limit orders on the sell side to mean that when > the limit (i.e. stop) price is reached, the order becomes a > *market* order. The stock may fall farther before the buyers > finally catch up with the sellers. That is, your order may > actually be executed *below* your stop loss price. I dont think so. A limit order means your going to get the price you want to sell it at or it wont be sold. You seem to be confusing stop-loss orders with limit orders. They are not the same thing. On a stop-loss order (to sell) what you say may or may not be true. Depending on where you trade, the sell stop-loss order can become a *market* order or it may be executed as a limit order. I have been asked when entering stop-loss orders which I prefer. Example: if you have a stop loss (sell) at 14: if its a limit order you will hit 14 and are guaranteed to get 14.00/share or better (or it wont be sold). If its a stop to sell at 14 and its market - you will get what you can for it. Any comments from you investing pros on this? -- Brett Fleisch University of California Los Angeles 3804 Boelter Hall Los Angeles, CA 90024 Phone: (213) 825-2756, (213) 474-5317 brett@ucla-cs.ARPA or ...!{cepu, ihnp4, trwspp, ucbvax}!ucla-cs!brett -------------------------------------------------------------------------