Use buy stop to buy stock on rebound?

Discussion in 'Order Execution' started by a529612, Oct 5, 2006.

  1. Say you want to bottom fish a stock trading at 100 and you are concerned that it will break 100 and head lower. Can you place a buy stop at 101 and see if it will bounce? Most of the buy stop instructions I come across deal with limit loss on short sale. Can you use buy stop to long a stock or option? Thanks!
  2. Yes *Ding*:)