so you dont have to second guess what a sell order price ends up being after the sell off. am i asking this correctly if so what is it called to do this?
2007-02-01 06:33:39 · 6 answers · asked by mjoeg 2 in Business & Finance ➔ Investing
Yes you can set a "limit price" on the sell order. You can make it for the day for until cancelled. You can also do that when you want to buy stocks.
2007-02-01 06:55:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes, you can do this. This is called placing a "Sell limit order". You specify a "sell" price, and if/when the stock hits that price it will be sold, if it does not reach that price, you still own it! The fee/commission for this sort of sale is typically higher than just a "market" sale where the shares are sold for whatever the next customer wants to pay.
2007-02-01 06:46:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You can set the price - it is known as a "Limit Order" - for instance you buy at $10. You want to sell at $15. You place a limit order for $15 - either for the "Day" or "GTC - Good Til Canceled". Assuming the market goes up, you will get $15 (or better - depending how quick the market goes - -but never less).
2007-02-01 07:06:35 · answer #3 · answered by dashel_gabelli 3 · 0⤊ 0⤋
you can, it is a "limit" order, you set a price that you want and once the stock drops and hits that price, it will sell. If the stock price doesn't drop to your price it will not sell.
2007-02-01 06:53:28 · answer #4 · answered by shonb 2 · 0⤊ 0⤋
You can set a do not sell below price, but if it never gets there, you won't be able to sell.
The market place determines the price, not the buyer or the seller individually.
2007-02-01 06:42:13 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Yes.
2007-02-01 17:18:59 · answer #6 · answered by Anonymous · 0⤊ 2⤋