Quote:
Originally Posted by paragon
As regards the price, what you need to do is give your broker a limit order. A limit order is the minimum price at which your broker should purchase a stok. For example if you want to buy Dangote Sugar shares, you can give your broker a limit order of N45. What this means is that they will not purchase the shares at a price more than N45 . Of course you have to monitor the price movement of a stock before you place a limiy order.
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Is this how it works? This sounds counter-intuitive. I'd think an investor would wish to set an upper limit for a buy... In any case, is there some rational explanation for giving an instruction to buy with a
minimum price to buy?
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