CNB 3.30% 44.0¢ carnaby resources limited

I’ve never placed a preemptive sell in my life. Don’t understand...

  1. 2,651 Posts.
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    I’ve never placed a preemptive sell in my life. Don’t understand the psychology of it. If the stock price is flying you likely end up selling yourself short. If you want to derisk when it hits $0.30 just sell into the bid. If there are bidders at $0.29 but not $0.30 and you feel compelled to derisk, sell into $0.29. What is 1c? I don’t understand these sorts of premeditated moves.

    Circumstances change...I prefer to change with them than leave an order out in the ether. But each to their own I guess...
 
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45.0¢ 46.5¢ 44.0¢ $78.31K 174.8K

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45.5¢ 6108 1
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