At Limit

It's basically another term for a limit order when buying or selling securities. Example: You want to sell 1,000 shares of Colonel Electric (The General got demoted after it cut its dividends).

The shares have been trading wildly between $15 and $25 a share. You don’t want to feel like a moron for having sold them at $15, when six weeks later they kiss $25. With tongue.

So what do you do? You put in a LIMIT ORDER.

That is, you put a limit of a minimum price of $25/share (AT THAT LIMIT) for Colonel Electric, such that those shares will simply sit in your account, maybe forever…until somebody out in the wild blue yonder of Stockland is willing to pay AT LIMIT $25 or more for the shares where you have put a minimum price limit of $25/share in your order.

So here’s to hoping they sell, and don’t get further demoted. Sergeant Electric is just a place you don’t want to go.