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Alex bought 100 shares of CBG corporation at $20 per share. It is now selling at $50 and Alex has ...

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Alex bought 100 shares of CBG corporation at $20 per share. It is now selling at $50 and Alex has ...

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.

Textbook

Fundamentals of Investing

Edition: 14^th

Authors: Zutter, Smart

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