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 is Selling Away?8 Views
finance a la shmoop what is selling away? well it's not allowed it's not cool it's
not kosher a stockbroker registered wrapped financial advisor or otherwise [Man discussing selling away]
licensed agent of the brokerage places a call after the big Bar Mitzvah bash and
says yes / it's burned dog have I got a deal for you [Man talking on the phone]
these bite coins bat coins but coins I don't know whatever they're called this
coin Bitcoin thing it's really owned places we don't make a market in them
idiot conservatives at my firm they won't change fast enough but listen see
here I think you should buy them they're going to the moon in a good way but [Butt coin launching into air]
coins and Jesper replies why burn dog I know little of the crypto crypto world [Jesper talking on the phone]
what about those shares of Google you are preferring just the other day
Google's moogle they're all the boring stocks on our approved list if you get [Man presenting to group at a meeting]
analysts here they even have buy ratings on the stocks boring you don't get rich
owning them but burn dog you don't get poor either do you old chap there yes
yeah yeah well they're all still private bit but coins that's it it's like the [Person flips a butt coin]
company who makes the coin or stamps them or something private placement very
hush-hush you can't get them here you got to go through our rival firm do we
cheat them in how no they're not such bad guys I'm selfing buds with Dewey and
Cheatham well anyway yeah heard you were wanting to get rich and thought I'd run
this by you like you're buying crap though crypto crypto currency whatever [Bernie talking to Jesper on phone]
like why not buy through a friend right well burn dog yes where i buying I'd be
happy to give you the Commission but I really don't know anything about these
virtual currencies selling away is the practice of selling securities that
aren't under your auspices to sell like getting a rival firm to sell them to a
buddy that is when you sell away you're getting a competitive brokerage or
another player who makes a market in the stock to take that transaction away from [Cash and bitcoin transferring from Jesper to rival firm]
your firm hello disloyalty dot-com generally speaking in bitcoins and
whatever when you go to the dance you dance with the one who brung you [Man and woman dancing]
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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...
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What is a limit order, and how can we be sure we never have one of those in place when we go to a doughnut shop?