Stop Limit

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