What is a Stop Order?
A Stop Order is a written order from a Development Officer, issued pursuant to section 645 of the Municipal Government Act ordering a property owner to take action on a violation. The order gives an indication of what violation is on the property, it clearly states what is to be done to correct the violation and by when. It also outlines the appeal process of the order and the ramifications if the order is not followed.
Stop orders are generally used to protect a profit or to prevent further loss if the price of a security moves against you. They can also be used to establish a position in a security if it reaches a certain price threshold or to close a short position. • There are two types of stop orders: Stop loss and Stop limit. A Stop loss order automatically becomes a Market order when the stop price is reached. Therefore, there is no guarantee that your order will be executed at the stop price. • A Stop limit order automatically becomes a Limit order when the stop limit price is reached. Like any Limit order, a Stop limit order may be filled in whole, in part, or not at all, depending on the number of shares available for sale or purchase at the time. • Buy stop loss and buy stop limit orders must be entered at a price which is above the current market price. Sell stop loss and sell stop limit orders must be entered at a price which is below the current market price. • Please note: The specialis
A stop order is a special type of order to sell or buy a stock when the price of the stock reaches the pre-determined stop price. It is used by investors to limit the loss that an investor might encounter or to lock in a profit on a stock. Investors can issue a stop order to their stock broker to automatically sell the stock if the price of the stock drops to a specific price. For example, an investor owns 100 shares of ABC company and has purchased them for 10 US dollars (USD). The price is now at 12 USD per share. The investor may give the broker a stop order to sell if the price of ABC stock drops to 11 USD. In this way the investor is assured of a 1 USD profit per share and does not need to continually watch the market to ensure that a stock price decrease will cause the profit to be lost. If a short time later, the investor notes that the price is now increased to 13 USD the investor could cancel the first stop order and place a second stop order at a stop price of 12 USD to ensur
