Replies to post #2733 on Investor Help (NO Ihub questions)

[cintrix]

I'm not sure why you would want to use this if you don't even understand the concept here. I am not familiar with this "or less" action (unless you are using a stop limit). The way I understand a buy stop order is that you put in a price above the current price because you want to only buy the stock on an uptrend and be right there first in line to get shares if they move bigly. Once your price hits your order turns to a market order and it can be filled over or under the price you indicated. If you are using a buy stop limit then it will fill at your price or lower but you don't get the guarantee of a purchase with the limit order.
In terms of what price you enter, if it is trading now at 70.09 and you want it at that price, just buy it there. If you prefer to wait for an uptrend and only want to buy it when it reaches 73.76 (not sure where you got this price) you would use the stop.