What is the difference between an initial public offering and a seasoned equity offering? You believe that your shares of Apple Inc. may be priced generously, and are thinking about them. But there is a chance that price fluctuations might result in an up tick of few dollars per share which may be short-lived. If the price rises by $3 you would be fully convinced that they are overpriced and would want to sell them immediately. What type of order might you place to maximize your gain? You shorted a non-dividend-paying stock at $73 a piece. The stock is currently trading at $59. What type of conditional order should you place to minimize your loss