You really loved your snap at $8 a share, but the market has gotten a hold of it on the backs of momentum from the last two good quarters. The stock has shot to $35.62, and your finger is just itching to hit the sell button. Your gut tells you it has a bit more mojo to go, so you put in a sell order that is above the market at $40/share. An above the market order is simply a limit order with a minimum price. See its kissing cousin, "away from the market."
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Finance: What are Limit Order, Sell Limi...7 Views
Finance a la shmoop what is a limit order? you want to sell a thousand shares
of Colonel electric it was demoted after they cut their dividend the shares have [Scissors cuts dividend in half]
been trading wildly between $15 and $25 a share you don't want to feel like a
moron for having sold them at fifteen bucks when six weeks later they kissed
25 with tongue so what do you do well you put in a limit order that is you put
a limit of a minimum price of 25 bucks a share for Colonel Electric such that [Pile of stocks appear]
those shares will simply sit in your account unsold maybe forever until
somebody out in the wild blue yonder of Stockland is willing to pay twenty five [Woman standing at a colonel electric stand]
dollars or more for the shares where you have a minimum price limit of 25 bucks a
share in your order so here's to hoping they sell and don't get further demoted [Man carries stock into car]
Sargent Electric is just a place you don't want to go
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What does “Away from the Market” mean? Away from the market just means that a stock is moving away from its benchmark. This happens when the bu...
What does “Called Away” mean? Calling away means that an option has been called and exercised and the writer is now responsible for giving the...
Selling away is the practice of selling securities that aren't under the seller's auspices to sell.