QUOTE(howszat @ Jan 25 2008, 12:35 PM)
The only way I can see it working is an at-or-below 2.30 price order, because you can't really do a fixed 2.30 order.
So, at 2.30 or below, the trigger to sell happens. But what is below? Some shares can drop 50% or more if there is a rumour or analysts don't like the earnings. So do you still sell at 1.15?
For this to work, I think you need the trigger, plus a person (broker) to review and action it.
I understand your second part, but what you mean by "I can see it working is an at-or-below 2.30 price order, because you can't really do a fixed 2.30 order." Mind to elaborate more?So, at 2.30 or below, the trigger to sell happens. But what is below? Some shares can drop 50% or more if there is a rumour or analysts don't like the earnings. So do you still sell at 1.15?
For this to work, I think you need the trigger, plus a person (broker) to review and action it.
Jan 26 2008, 08:38 AM

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