Limit order on apple stock?

by Deseronto Archives

During the day I tried to house a limit order to buy a stock.
Ex: (not export apple)

Apple 321.35
I placed a limit to buy at 322
And the order would NOT go through with a note stating the price is too high (forgot exact words).
Then I placed it at 321.36
and still not through.
Finally gave up and made a promote order.
What am I doing incorrect.
My dad tells me not to do promote orders – but will not tell me how to do the limit order.
I’ve read about it till I’m blue in the face.

Answer by Caveat Emptor
You’re doing something incorrect. What’s the point of placing a limit order to buy at a higher limit price that the current share price? Consult the brokerage for help.

Answer by jlf
A limit order to buy is naturally house at a price BELOW the current promote share value in the expectation that the promote value will come down to that level in the future – at which time the trade would then be executed. You are trying to input a limit order share price ABOVE the current promote value – apparently your brokerage doesn’t permit that.

Answer by John W
When they say “Apple 321.35″, they mean that the last trade was at $ 321.35, that price is already long gone so when you placed the order of $ 322, there wasn’t anyone willing to sell at $ 322 or lower so your trade just went onto the order book as a bid price. Placing another order at $ 321.36 simply made the trade harder to contest because you were then saying that you are willing to buy but no higher than $ 321.36. You need to look at the current question price and choose how much higher you’re willing to pay to set your limit order if you want the transaction to occur immediately. Otherwise you set the limit order to buy at the price that you want to pay and if your bid price is lower than the buck question price then your order will just sit on the order book till someone seats a promote order to sell or decides to sell at a limit of your price or lower.

That is, when the note said that the price is too high, they were saying that the guy promotion stock’s price was higher than your limit. Your price wasn’t too high, the other guys price was too high.

You have to realize that the stock promote is not Walmart, there is no stock boy running around with a price gun. The stock promote is about matching orders not about there being something on the shelf for you to buy. That last trade price is not a price that’s available to you to buy at.

Answer by dex
Your limit order needs to be BELOW the current price. Then if the price dips down and goes past the limit you set, it will buy. If you set a limit order to higher, it would automatically buy at the current price because the current price is lower then you questioned for in your limit order. That’s the reason why they won’t let you set a limit order that high, because limit orders are meant for export when it dips down to a certain price.

Know better? Leave your own answer in the comments!

52.34 – Another mosaic


Image by dichohecho
I seem to have self-likeness fail at the moment… All the ones on the left are courtesy of other people. The right is a teach-window reflection.
I reckon I’ll bullet point my week for simplicity’s sake.

Monday:
(setting the vista: I have a week’s holiday and went up to Reading on Sunday to see my friend Sarah, see previous post)
Sarah cut a few hundred words out of her essay while I read a book, then she read it to me and went to a address. I had the task of deciding everywhere to go for lunch. I found a voucher for Question on the interwebs so we printed it out, got a bus into the centre of Reading and realised the voucher was still on her desk. We went there anyway and both had Calzone which was pretty nice, except for the mushrooms :s
Then we, umm, finished up shopping! And wandering about. We found MK One! I thought they had all gone but apparently not. This one was just promotion off ancient stock and the part of the shop you can’t see was pretty much empty. It smelled dreadful too. But we both bought things! Sarah needed a white dress so she could dress-up as Sandy from Grease for an S party (Primark surprisingly yielded nothing) and I found a nice flowery dress which bizarrely has a Dorothy Perkins mark in it. We found Sarah a new handbag in TK Maxx and a jacket in Primark, it turned into quite an impressive haul :s
We also went to Shakeaway, yay! I was going to have Bueno flavour but the lady pointed out that I could have one of their specials with more in for the same price. So I had a "Dave" which was Bueno and Fererro Rocher with Flake on top. Mmmm. Sarah had doughnut flavour, which was surprisingly nice!
Hmmm. We went to the station and picked up my tickets for the rest of my journeys from the magical ticket machine. We went to Debenhams (whoop!) but I didn’t have the things I wanted to exchange with me so… I couldn’t exchange them. I did find a lovely pajama top in the FDG section of menswear (from a set with the bottoms gone, I have far too many pajama bottoms). They reduce things when half of them goes gone or gets dirty or broken. Lots of it never gets bought (it’s only kept for a certain digit of weeks).
Aaaanyway. Then we walked back up to Sarah’s hall and had Thai curry for supper. Then we went to the pub with some of her friends which was fun (a game of "I have never…" was played), although it seems I can’t take much more than a pint of cider without getting thoroughly tipsy… And then we came home via a chip shop.

Tuesday:
Had breakfast with Sarah in hall. Then we sat about and uploaded photos and chatted. Then I missed the bus I should’ve taken, but there was another going to nearly the same house so it was fine. Buses to anywhere in Reading seem to cost £1.70 and they don’t give change. At all :s Luckily Sarah and I had the exact change between us, but she told me people often end up paying £2 or £5 as they don’t have time to get change from anywhere.
Anyway. I got to the station at about quarter to twelve (teach at 12:11), bought for myself a pasty (incorrect pasty shop for my special discount card, booo (the logos are very similar)) and sat on the platform to eat it. The teach was non-stop to Paddington, then I got on the tube (but had to change at Edgware Rd as the teach terminated) to go to Liverpool St. Being an idiot and feeling a bit rushed, I went and bought a tube ticket. I didn’t need to since my ticket was crosswise London. Booo.
Anyway. I got to Liverpool St with a few minutes to spare, considered export some fruit and then chose the queue was too long. So I went and got on my teach. I was one of the first people on it so I got a table seat and selfishly place my bags next to me. There was plenty of room on the teach, it just looked a bit full in my carriage because no-one desires to walk all the way down to the other end of the platform to the emptier ones…
The teach went directly to Halesworth via lots of small Suffolky seats (and some larger Essexy ones) and I wandered around for ten minutes before realising that the bus stop was the other side of the tracks. There isn’t a bridge or a subway at Halesworth, you just walk crosswise the shape! But yes. I at home at Halesworth at about 4 and got an exciting yellow and blue bus to Southwold, they time them to meet the London trains, very clever.
Hmmmmmm. I did Granny’s Su Doku and we sat and talked for a while. Then we had baked potatoes for supper, I had a lovely hot shower and then went to bed pretty ahead of schedule.

Wednesday:
I woke up honestly late, helped Granny’s neighbour find jigsaw puzzles to borrow, fetched a book from The Orwell Book Shop for Granny and wandered about a bit enjoying being in Southwold. The conservational metal pumpy thingy in the middle of the promote house is gone, apparently it got taken out by a Dutch flower lorry :s I saw lots of people throwing dirty looks at the orange plastic barriers that surround the hole.
Granny and I had lunch at Coasters (broccoli & blue cheese soup and a greek salad for me, ricotta gnocci(?) for her, then "chocolate marquise" and peppermint tea) and wrote a few postcards and letters to assorted family members. There was a lovely sunflower on our table and it was quite sunny too.
Then I went & got a nice conservational biro and a pad with a lovely (lino cut?) pattern of birds holding envelopes on. I want to place nice things in it but I don’t know what yet. Possibly it’ll be a scrap book.
Then I went to the pier. Southwold pier was restored a few being ago and seems to be doing pretty well. It was surprisingly busy for a unsystematic week day in March (not prime British seaside time) but not too busy, which was nice. There weren’t any new exiciting machines at the pier (they have lots made by Tim Hunkin, including one which frisks you and another which tells you if things are art or not). I tried to get a postcard of the rent-a-dog machine but the postcard dispenser was broken so I had to tell the nice pier man, who gave me my money back. The only postcards they had of the machines in the shop were of the "Quantum Tunnelling Telescope" which I’ve never tried, so I don’t know what it *really* does… but I sent it anyway.
Then I went back, via a deli everywhere I bought some amusing croutons which appeared to be a clever way of by up the surplus fresh bread. Granny and I did more crosswords and then ate the croutons with Leek & Potato soup for supper before another earlyish night.

Thursday:
I woke up even later, read a bit, showed Granny my Moo cards and looked at the more recent photo albums. We had lunch at The Red Lion pub (lentil & bean hotpot for Granny, domestic burger for me) who insisted on holding onto a credit or deduction card in order for us to have a tab. I’d know if they were busy/it was summer/it was evening/we looked a bit dodgy, but Granny is clearly not about to run off anywhere. Humph. But the food was nice.
In the afternoon I took the book back to the book shop, had a new watch strap fitted at The Amber Shop(possibly a small expensive but Granny wanted to get me one for my birthday), got one of my photos of Mum in the snow printed as a present for Granny, bought some stamps, and wandered around the other side of Southwold, nearer the golf course and marshes. Then I went back and did more Kakuro and crosswords and sewed the button(which fell off in Reading) back onto the sleeve of my coat.
Supper was bread and cheese and salad (and spinach and ricotta filo parcels for me), then I did a bit of packing and went to bed.

Friday:
I was woken by my alarm, breakfasted, got dressed and finished off my packing. Then Granny chose she’d post presents for the family rather than weighing me down with things. I said goodbye and walked up to the promote house, bought some more crouton things (they were excellent) and caught the Friday Shoppers’ bus to Norwich. It takes all the ancient ladies of Wrentham, Southwold, Reydon and Wangford to Norwich for a morning/lunchtime of shopping and delivers them back again. I was one of possibly three people without a charitable way bus pass so it cost me £5. But that’s not terrible as it was pretty comfortable and quick. Quicker and doubtless cheaper than getting another bus to Halesworth and a teach to Norwich.
Anyway. I sat next to the aforementioned neighbour who’s a lovely jolly lady and told me all about her and her daughter’s gap being in Canada and South America and seats.
The bus deposited us outside John Lewis and I walked down towards the city centre a bit. I went & exchanged what I needed to exchange in Debenhams (which has 2 cafés in Norwich! Excitement!) and had a look in Primark before going to a small café and having a coffee and a small bit of cake (to revive me after an arduous morning of course). I got one of those small biscuits free with the coffee, the ones that come wrapped in plastic and have slightly odd names that I can’t remember…
Then I went into the Castle Mall. It didn’t exactly look promising from the outside, the two shops at the front were both gone (relocated or bust), but it was a bit better further in. There was a photo machine like the one in Taunton but alas it wouldn’t read my SD card. I tried on LOTS of stuff in New Look, half of the shop was sale stock and I bought a nice stripy t-shirt and a soft grey skirt. Then I had a look in TK Maxx but didn’t find anything particularly excellent. I considered getting Caroline some nice soap as a present but didn’t. I got her some pink slipper boots with cakes on from La Senza instead. La Senza is one of those shops I never would’ve gone into before working at Debenhams but now find fascinating (in a non-pervy way). They have some lovely soft pajamas which’re now in the sale but I didn’t reckon I could justify export for myself more.
Then I headed down to an arcade thing and found a nice small juice bar house (which I recognised from Adam’s photostream) and bought for myself a panini. Just as I was finishing Adam himself walked past (he’d said he might be in Norwich that afternoon) which was a pretty incredible coincidence. So we went & got our free coffees from the Starbucks on Gentleman’s Walk and had a nice chat about Flickr and college/university and Debenhams, he’s a nice chap and takes excellent & fascinating photos. His 365 is rather excellent, even if he thinks his life is dull. Got to be better than reading all this rubbish :p A woman gestured wildly into my coffee just as I was walking past but luckily it went all over the floor and not us, and she blamed herself and offered to buy me a new one! I didn’t mind too much, apart from the embarassment, as it made it simpler to carry (and it was a free one). Adam’s the first person I’ve met from Flickr (I don’t count my sister for obvious reasons) and he’s not a creepy 40-something year ancient bloke which is excellent. All the same I’m not particularly keen to go round assembly lots of people, what with the chance of many being creepy…
Anyway. After that I went & caught a bus out to UEA (£4.50 for a day ticket) and managed to get off at the incorrect stop, I saw Caroline just as the bus was pulling away again. We went to her room & she made notes, I did her Su Doku, we blitzed through the Independent’s concise crossword, chatted and I checked my e-mails and Facebook. Later on we had lovely Covent Backyard soup (terrible luxury) with half-bake rolls and the croutons I’d brought, followed by cheesecake!
Then she produced a small bottle of vodka and a large quantity of orange juice which we drank some of whilst "getting ready". We caught a bus back into the city centre and had a drink before assembly one of Caroline’s friends and her tutor group (complete with tutor) at Mercy (a club). We spent the rest of the evening there, then got a taxi back to UEA, showered and went to bed.

Saturday:
We set an alarm to wake us up at a decent time (which worked) so we had breakfast in Caroline’s flat-type-thing before catching a bus into inner Norwich and spending the morning shopping and wandering. I bought her a lovely cream-coloured flower which is a brooch/hair clip from H&M, she bought herself a pearly hair band and a leather jacket, and I bought 2 belts, a pair of small pearly earrings, and some nice spotty things from Topshop. We had coffee/tea and cake/(chocolateless, she’s given it up for Lent :s)muffin at Café Nero contrary the promote before having a look round the nice small lanes. We went into a church which seems to have be converted into an arts centre. People were promotion ancient records and antiques and vintage clothes and there was a tent inside the church. It was lovely and sunny and someone started playing one of the themes from the Amelie soundtrack on a piano which gave it a lovely atmosphere.
Later on we had lunch at Pret A Manger, I had soup in a pot which was surprisingly nice. Then we went back to Caroline’s room and packed up my stuff in record time before getting a bus to the station. We had to leave plenty of time for this because there was a football contest on, which tends to produce traffic and delays.
In the end we were there about 40 minutes before my teach left but we went and sat in AMT Coffee with coconut milkshake/hot apple juice (both new discoveries and very nice) and wrote postcards to various people. Then we said goodbye and Caroline went to Morrisons while I got on a teach to Colchester (at 16:30).
My trains all went pretty smoothly, and I observed that Manningtree looks like quite a nice house, even if it is in Essex. There was a bloke on my first teach who had an enhancement ticket for one an hour earlier and had to pay the difference (honest enough really, it does say on the tickets and they tell you that the restrictions are what make it so cheap when you book; although I would say that as mine all turned out fine!).
At Colchester(17:28) I got on a bus to Billericay (I hadn’t registered its existence before!) which was crammed with people coming away from a Colchester football contest but otherwise honestly comfy. And there was a Spanish baby in front of me
At Billericay (18:30) I got a teach going into London, so I at home at Liverpool St at about 7pm and had plenty of time to make my way crosswise to Paddington.
I at home at Paddington at about 19:45, the magic time when Sainsbury’s and M&S were doing mark-downs on all the things going out of date. So I got a very nice M&S salad for £1, a small bag of apple for 20p and 2 Taste The Difference pain au chocolat (ate the second for breakfast now) for 49p as well as a bottle of water at a non-ridiculous price and my free coffee from Starbucks
I questioned the First Fantastic Western bloke if I could go on the 20:06 (which was also quicker to Taunton) but he said not unless I paid more. So I left it… and went and ate my supper before finding my nice reserved seat on the 20:30. I charged my phone and slept on the way back, somehow I wasn’t finding Marcus Aurelius’s Meditations terribly tempting. My teach wasn’t your normal London-Reading-Taunton-Exeter, or even London-Reading-Newbury-Castle Cary-Taunton, oh no, it was London->Reading->Didcot Parkway->Swindon->Chippenham->Bath Spa->Bristol Temple Meads->Nailsea & Backwell->Yatton->Worle-> Weston-Super-Mare->Highbridge & Burnham-On-Sea->Bridgwater->Taunton. Boo. But Dad came and got me from Bridgwater so I got home marginally earlier than I was meant to.
So that was my exciting journey!
When I got home we had Kate’s birthday cake (a week and a half late) which is very very excellent, apparently the recipe is from celebrity masterchef or something? Yummy anyway. Anna was there but went back to London again this morning. But it was nice to see her, if only for a few hours either side of sleep!

Sunday:
Now I started making roast chicken because no-one else seemed to be doing it but then Dad came along and said he wanted to half microwave it which screwed things up a bit. So then it became a collaborative effort, I did a lot of veg peeling.
This afternoon I’ve done very small. I’ve mainly been catching up with Flickr. Eek. That can’t be healthy. On the plus side it’s been a lovely sunny day, I’ve seen catty and I’ve unpacked already.
Oh and there’s a lot of frogspawn in our pond.

Aaaand that’s it! Phew.

For example we had a discussion about apple and I wanted to buy it at about 130, but she didnt reckon it was a wise choice because of the high price. So instead we settled for a lower priced stock and bought more shares. Is there anything in writing that I can show to her that breaks it down in dummy terms. Its all based on gains and not stock prices. I know some can be over or under valued, but thats a whole different ball of wax. In my mind the stock price is irrevelant, its all based on your total investment.

Answer by Casey J
I would suggest showing her the P/E ratio of two different stocks (one with high price, one with lower) everywhere they have the same P/E. This will help her to know she is export earnings and how the stock price lonely can be deceptive.

Excellent luck.

Answer by 006
Show her two hypothetical companies, each worth $ 100. Divide one company up into 10 shares, and once company up into 100 shares. Buy $ 10 of each company (one share of one company and 10 shares of the other).

Now increase the value of the companies to $ 150 each. Show her what happens to the share prices (they increase to $ 15 and $ 1.50), and your total investment in each company (up from $ 10 to $ 15, in any case of the price of the share).

Answer by jimbobbighouse
tell her to look at Berkshire Hathaway (BRK.A on theNYSE)

$ 112,900 per share. Promote cap of $ 174 billion – run by Warren Buffett.

Cisco – CSCO – $ 30 per share – $ 177 billion promote cap

Sun Microsystems (SUNW) – $ 5.00 per share and a $ 17 billion promote cap

You can doubtless find more extreme examples of companies with similar promote caps and wide ranging share prices… or find companies like Sun that have split their stock too frequently and now are under $ 10 per share.

Makes no difference.

Answer by Freethinker
Well, the thought is to buy low and sell high. You should look at the stock’s chart, see what analysts have to say about it, look at the technical indicators (to see if it is overbought or oversold), and see what other products they have in the pipeline to generate future revenue. Also, what is the stock’s price in comparison to their competitors?

You are right in the sense that a stock at $ 15 isn’t necessarily better than a stock at $ 130. Google is a excellent example of a stock that had a high cost per share a couple being ago, but has continued to go up. Though, that doesn’t mean Apple will continue to go up. Again, do some research. Also, consider the overall health of the economy. If something happens and the economy tanks, people won’t be export $ 600 iPhones.

Answer by Blicka
Would you rather own 100 small houses worth $ 10 million or a single Trump hotel with 100 rooms worth $ 10 million?

Try to talk more about the total sum of money being invested without even worrying about the digit of shares. If she can’t know that share price is completly irrelevant, you shouldn’t even be talking about # of shares with her. Stick to $ invested and which companies ‘look excellent’ to both of you.

What do you reckon? Answer below!
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