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Term of the Week for Monday, October 11, 2010
alternative order
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Term of the Week alternative order
Two orders given to a broker, for which the execution of either one automatically cancels the other. One example is combining a buy limit order with buy stop order.The buy limit order will only be executed if the market price is below a specified price, and the buy stop order will only be executed if the market price is above a certain price. If one order is executed, the other is cancelled. also called either-or order.
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One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as "marketability" and "liquidity", sing the praises of companies with high share turnover (those who cannot fill your pocket will confidently fill your ear).
Keep reading this tip...
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| Quote of the Week
The idea that you can institutionalize the creation of entrepreneurial ventures is absolute bunk. - Venture Capitalist Bill Unger about incubators
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