You Bought Harley-Davidson Stock at $9 in March 2009 and Saw

question 13

Essay

You bought Harley-Davidson stock at $9 in March 2009 and saw the value increase to $22,then drop to $17 by early June 2009.Looking back,you realized that you missed a chance to "lock in" your profits and sell the stock at a price of $21 or higher.If you did not want to use a market order,what should you have used to lock in your profit?

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Definitions:

Eighth Amendment

A provision of the U.S. Constitution that prohibits the federal government from imposing excessive bail, excessive fines, or cruel and unusual punishments.

Cruel and Unusual Punishment

A legal principle found in the Eighth Amendment of the U.S. Constitution that prohibits the government from imposing severe, excessive, or arbitrary punishments.

Administrative Law

The body of law that governs the activities of administrative agencies of government.

Regulations

Rules or directives made and maintained by authority to regulate conduct.