basics in selling short

H

horryclutch

hello all at ET. I am new to investing and have a question selling a stock short.

Can I sell a stock short and make an order for it to buy to cover at a specific price wether it is up or down. An example would be Circut City. If i sell short at current market price of 17.45 can i put in an order to close my position if it goes up to 20 dollars to help cut my loses? This way I would not have to watch the price all day. If this is possible i need the procedure to do this.

Thank you for the help
 
search for buy stop limit order (i.e. you want to buy at higher current price). And you want this order to disappear when the price hits your target so you also want to do OCO (order cancel order).
 
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