Forum Archive Index - December 1999

["Ben Dutton" <bendutton@sharechat.co.nz>]

Hi Stuart,

Please refrain from posting messages like this to the ShareChat forum as it
is of a commercial nature, and, as the rules and regulations of using the
ShareChat forum state "Spamming (sending commercial messages to) the
ShareChat list is explicitly disallowed".

Thanks

Benjamin Dutton
Managing Director
ShareChat Limited


----- Original Message -----
From: Stuart Cairns <stuart.c@dfmainland.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, December 06, 1999 11:45 AM
Subject: RE: [sharechat] Broker Question


> Joe
> dfmtrade.com have free brokerage for December, should eliminate all your
problems.
>
> On a more serious note you should not pay the minimum on your second
transaction but you should clarify it first
>
> Stuart H. Cairns
> email ; stuart.c@dfmtrade.com
> tel 64+9+307 9066 fax 64+9+307 9061
> dfmtrade offers registered clients no brokerage
> for buying and selling shares, at market, over the internet,
> for the month of December. Visit our website to register
> http://www.dfmtrade.com
>
>
> -----Original Message-----
> From: Joe Spooner [SMTP:joespooner@hotmail.com]
> Sent: Sunday, 5 December 1999 07:18
> To: sharechat@sharechat.co.nz
> Subject: [sharechat] Broker Question
>
> I placed a buy order for shares recently with a limit. Unfortunately, the
> broker only purchased 14% of the number I ordered. I have just received
the
> invoice for the transaction and it still includes the minimum brokerage
fee
> as well as a trade fee. Plus it states that the rest of the order is still
> outstanding.
>
> Obviously my brokerage fee is going to be inflated if the order is
> completed. And the brokerage fee on the small parcel already bought
equates
> to around 2.5% for those shares.
>
> My question is, can share brokers after receiving a request for a certain
> number of shares to be purchased at a limit price then purchase them in
> smaller parcels hence causing the brokerage to be a lot higher?
>
> Regards
> Joe
>
>
>
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