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Comments for
Question about limit orders for the next day's market opening

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Apr 10, 2010
Stocks Simplified Writes
by: Shaun

A limit order tells the broker to buy at that limit or better. For instance if you create a sell limit order for $3 and the stock opens at $3.10 that would be filled because $3.10 fits into the category of $3 or better (higher when selling).

But if it opens at say $2.99 and stays there the stock will not get sold. If you want to sell it at the open regardless of what price it is at another option is to create a market order, which will do just that.

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