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Author Question: Alex bought 100 shares of CBG corporation at $20 per share. It is now selling at $50 and Alex has ... (Read 113 times)

Drewster127

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Alex bought 100 shares of CBG corporation at $20 per share.  It is now selling at $50 and Alex has placed a stop loss order at $47.50, good til canceled.  Which of the following is true?
◦ If the price falls to $40, there is a high probability that Alex will sell at a price close to $47.50.
◦ If the price falls, to $40, Alex can be sure that the stock will sell at $47.50 or higher.
◦ If the price falls overnight to $40 and continues to fall from there, Alex will not be able to sell his stock.
◦ If the price falls briefly below $47.50 but bounces back before the order can be executed, Alex will still own the stock.


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Marked as best answer by Drewster127 on Mar 29, 2022

bainer89

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Drewster127

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Reply 2 on: Mar 29, 2022
YES! Correct, THANKS for helping me on my review


nyrave

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Reply 3 on: Yesterday
Excellent

 

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