The price of a particular stock I own has been in the doldrums for years, hovering around $27-$29/share. I put in a limit order to sell about a third of it if it ever hit $35 (and another third at $40). With small orders such as mine, the price is usually a "best guess", i.e. I told it to sell at $35, but my expectation is that when the stock actually sells on the market, it will have dropped back down below $35.
Last week, the order triggered. The stock peaked at $35.97 for about 10 minutes. When I got the confirmation this weekend, I found it sold at $35.85.
Sweet!
It's now back around $34. When it drops back to $29 I'm going to buy it all back.
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