No: 167A “market not held” order is

an order in which the client tells the broker to use his own discretion in timing a purchase or sale in an attempt to get a better price.

a prohibited activity in which an agent engages in the purchase or sale of securities that are not offered by his broker-dealer.

an order to buy or sell a stock at a specified price, which differs from the current market price.

an order to sell securities that the investor owns if the stock decreases by a certain amount from the current price.