Wednesday 23rd January 2002
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A: It is possible to ask your broker to buy or sell shares when certain limits are reached (although if the price you wish to buy or sell at is more than 10-15% away from the current trading price they may decline and ask you to resubmit your order at a later date).
Just tell your broker you wish to place a limit order - simple as that. As an example, if you wished to purchase Telecom shares at $4.50 and the current market price is $6.45 then your broker will probably decline your buy order. If you wish to purchase the shares at $6.10 then it would be accepted.
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