At-Or-Better is a type of limit order usually revolving around a volatile stock.
A buyer on a Friday afternoon, after the company has announced strange earnings, might put in an order to purchase 1,000 shares on Monday at-or-better $1.20 a share. The stock closed on Friday at $21.20, down that day from $25.50 a share. If more bad news comes out over the weekend, then it is likely that stock would trade meaningfully below $20 a share on Monday. The buyer then wants to capture the incremental discount below $20 a share when they're buying it at, say, $19.28, which is 72 cents better than the picture of Andrew Jackson.
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Finance: What are Limit Order, Sell Limi...4 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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