Member Info for hamsters18

Yes, my understanding is you would get the price you have set, not below or above. I think the real reason for setting a sell limit is so that if there is a sudden spike in the price that is only present for a moment or two, the sale would happen as your limit was met, even if only for a brief moment in time. This is possibly useful if you cannot watch a screen all day long and do not have access to live prices, just relying on the 15 minute delayed price we get. Again, I stand to be corrected, as this is only my understanding of what I think it is really used or useful for. If unsure, probably best to avoid using this option, or contact your broker. Getting a bit heavy for this time of night!

Kaeren; In answer to your question, I have put a couple of noughts on. It might be that other more seasoned holders have their own views on this. :-)

Hi Kaeren;
I have to be honest, I have never used this function before until now, but have read on the BBs that some holders use this to stop their shares being borrowed by MMs or shorters etc. My understanding is they appear to be able to borrow your shares from your broker, paying a fee for the use of. What some appear to do is set a high sell limit, meaning if others want to borrow your shares, they will have to pay the price you have set. I have also read that this only happens between the big boys and not at our level, but it got me wondering, especially if things pan out as we think next week. I suppose as always, DYOR. Below is a piece from my brokers help pages. Good luck. :-)
Limit Order:
In contrast to a Market Order, which enables you to buy/sell a particular security as the current market price, a limit order allows you to set a desired trigger price. Only if the trigger price or better is reached in the market will your trade will be executed.

Think I am going to put a high sell limit on to stop those pesky MMs trying to borrow my little nest egg. As for our recently returned poster trying to spoil our weekend...filtered.

Anders_uk; I would imagine they will have to release an RNS, as I am guessing there will be a bit of activity on Monday. :-)

Eeck, might need to get my abacus out.

Might be seeing that as an SP? (Can hope).

Cheers mate. :-)

Great news, looking forward to the opening on Monday already without any RNS. Wonder how any shorters are feeling? Haha.

Troublesome; look at FUM, they might be of 'interest' to you. ;-)

Is the week, hopefully full of great news and fireworks. There are several shares I follow that have left it to next week, so should be a bumper time in general here on LSE. Have a relaxing weekend all, and be ready for 7am or 8am. I will be looking for hamster protection societies over the weekend after earlier risk of being eaten or covered in chocolate. Have a good one. :-)

DaD; Lol. I look forward to telling my good Lady that I am allowed to stay up. Please ask Dylan if I am allowed a beer, or is that pushing my luck?

Voted. Many thanks to all of you for doing the donkey work and making it simple for the rest of us...you know who you are.

Very true, had a fantastic start yesterday, the good folk over on the SKIN BB were buzzing after the RNS. They were full of positives leading up to the webinar, then it went sour very quickly. By the time I had to got work we had gone from blue to red big style. I still believe in the company/merger, but as you have said, market confidence has been lost in a second. Hopefully this will return soon once the overreaction has gone. Onward and upward. GLA. :-)

Showing +20, 30 or 40% on the leaderboard will get attention. Hopefully now properly on the way to recovery. The tie in with Boots will get parents in, just need the CEO to be announced. GLA.:-)

I recently used a stop loss on a share that was plummeting on bad news, same as Vicjain, I also lost out. Ask yourself, is the share plummeting or on an upward trend?

Applegarth; Not your normal style of comment or reply there, has your account been hacked?

DaD; hope Dylan is ok after missing out on Paw Patrol. Have a good day in sunny Suffolk.

Looks like Novavax and anyone associated are in for a good day then?

Thanks TheOriginalNova.