Pharmagen Inc (PHRX)

[WovenO2]

Hey Bud...learning order types is critical especially with STOP LIMIT orders. A stop limit order lists two prices and is an attempt to gain more control over the price at which your stop is filled. The first part of the order is written like a regular stop order. The second part of the order specifies a limit price. This indicates that once your stop is triggered, you do not wish to be filled beyond the limit price. STOP LIMIT ORDERS SHOULD USUALLY NOT BE USED WHEN TRYING TO EXIT A POSITION. If you do not give a limit price, then the stop price and the limit price are meant to be identical. Hope this accurately answers your question.