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Author: kuhlfool One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 44593  
Subject: Re: Stop or Limit on Short Buy to Cover Date: 7/7/1999 8:46 PM
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rgood writes:

the STOP will convert to a MARKET order. is that really what you want? instead, how about a STOP LIMIT order at 25?



I think this is what you want. If the price is rising too fast, it might blow through 25 before you can get a fill (assuming both your activation and limit prices are $25). The limit would prevent a fill at a higher price and open you up to a big loss if you weren't watching it breakout.

Practically, I think this would only happen to stocks with an extremely small float, or on a gap open.

Ant
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