How to sell stock which is lower circuit for past 2 days?

General
1

How to sell stock which is a lower circuit for the past 2 days?

My friend has bought a penny stock - spsl (BOM: 533110). It was in the higher circuit for some days.

But for the past 2 days, it is in the lower circuit. I told him that its possibly a pump and dump.

He now wants to sell the stock. The stock has hit the lower circuit today and closed at Rs 53.50 INR.

The stock seems to hit the lower circuit at 9:15. How to sell before that?

1. What price should he give as sell price?

2. In what method should he sell?

3. When should he place the order?

2

1. What price should he give as sell price?
The price at which the stock should be sold tomorrow = Rs 50.85?
Rs 50.85 = (Minus -4.95327102803738%)
2. In what method should he sell?
Answer = ?
3. When should he place the order?
Answer = ?

3

Just asking,
Why did he buy it first of all ?? The fundamentals are worst and it’s a penny stock. Idk, whether you say technical data or fundamentals, but both are worst. Its in GSM list.

Btw, idk cause I never bought some penny stock that is bound to hit circuits. Will a market order help ? Idk, just asking why he bought it.

4

He is new to the market. He said, some people recommend it on a trading group.

5

Ohh ok.

6

Place a sell order during the pre market time.
Market order is better instead of limit if you want to get out of it immediately. Idk about the slippage tho.
Or place AMO.
Probably this should work.

1 Like
7

Where did you get this much data with decimal points ?
Like usually only upto two decimal points data will be given.

btw, tell your friend to read this → The list of pump & dump penny stocks

8

Its just percentage change. Rs 50.80 takes in beyond -5%