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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
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