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<<I understand what a LIMIT order is, but what is a STOP-LIMIT order. How and why would you use one. For that matter, what is a STOP order or a STOP LOSS (same thing?)>>

In our FAQ area (at: http://www.fool.com/foolfaq/foolfaq.htm) there's an explanation of vearious orders (http://www.fool.com/FoolFAQ/FoolFAQ0028.htm).

Here's what it says on Stop-Limits:

Stop Limit Order - A specialized order in which a limit order and a stop order are combined. Once the specified stop price has been reached or exceeded, the stop-limit order becomes a limit order. A stop-limit order differs from a stop order, which becomes a market order when the stop price has been reached or exceeded. A stop-limit order to buy must have a stop-limit price above the market price; conversely, a stop-limit order to sell must have a stop-limit price below the security's market price. In response to a stop-limit order specifying "sell 100 GY 70 stop limit," once the stock sells at or below $70, the order becomes a limit order to sell 100 shares at a price of $70. A variation of the stop-limit order specifies a limit price lower than the stop price.

Selena
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