Limit Order Question - Aussie Stock Forums

1. ## Limit Order Question

Hi,

Here's the hypothetical:

Say I buy Stock x for \$1.00. I place two sell limit orders for \$1.20 and \$1.50, at some point in the future the company releases very positive news, news that makes the stock open the next trading day at \$2.00.

Now, do my sell limit orders get executed at the price the market opens at, at \$2.00? Or do they get executed at the amount I requested, \$1.20 & \$1.50?

2. ## Re: Limit Order Question

Originally Posted by Redacted
Hi,

Here's the hypothetical:

Say I buy Stock x for \$1.00. I place two sell limit orders for \$1.20 and \$1.50, at some point in the future the company releases very positive news, news that makes the stock open the next trading day at \$2.00.

Now, do my sell limit orders get executed at the price the market opens at, at \$2.00? Or do they get executed at the amount I requested, \$1.20 & \$1.50?

If the stock opens @ \$1.40 and closes at \$2.00, your \$1.20 order will trade at the open price of \$1.40, and your \$1.50 order will trade at \$1.50.

3. ## Re: Limit Order Question

Originally Posted by skc

If the stock opens @ \$1.40 and closes at \$2.00, your \$1.20 order will trade at the open price of \$1.40, and your \$1.50 order will trade at \$1.50.

Thanks