Abe Owns 1000 Shares of Super Tech Corporation,which He Purchased

question 69

Essay

Abe owns 1000 shares of Super Tech Corporation,which he purchased for $12 per share 3 months ago.Abe just checked the price of Super Tech and found that it is selling for $19 per share.He is so excited about his gain that he has booked a $6,000 20-day trip to Hawaii for him and his wife.He wants to be sure that the trip will be paid for entirely from gains in his Super Tech shares because his wife has been nagging him about his frequent stock trading habit and he feels that this trip will demonstrate to her once and for all that he has the skills,acumen and instincts to get rich by trading stocks.He feels strongly that the price of Super Tech stock will go through the roof in the intermediate term but is concerned about short-term volatility.Abe's plan is to sell the shares only if the value of his shares either declines below $18,000 or if the value climbs to $30,000.He would like to submit his stock orders right now,because for the next three weeks it is very important to his marriage that he not trade or even follow the market (maybe just a peek at CNBC while his wife is in the shower).Which of the following set of stock orders would accomplish his goals?

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Definitions:

New Offer

An updated proposal provided in a negotiation or bargaining context, which may include revised terms or conditions different from an initial offer.

Particular Wording

Specific or distinct choice of words used in a document or statement that may influence its interpretation.

Terms Different

A phrase indicating that agreements or conditions deviate from standard or previously established expectations or arrangements.

Common Law

A legal system based on court decisions and precedents rather than statutory laws.