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Re: [sharechat] Brokerage question about partially filled orders

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Tue, 6 Nov 2001 19:48:45 +1300

Nick,

It looks as if you are not monitoring your orders, never a good policy. It did'nt rise from 66 cents to 70 cents in one day!

I suppose the order is still valid and you will need to wait till RBC returns to 66 cents, Once it gets there then your brokerage will be readjusted to account for the total bought.

That is the normal procedure.

The broker wants to cover himself should you wish to break off the order, which you now may want to. The initial brokerage is an inducement to getting you to fill the order.

It would be classed as a minimum brokerage. If you break it off now then the brokerage charged, will hardly cover costs in his opinion, perhaps!

Come to think of it, we did talk about possible corporate activity re FFS and RBC is directly linked to this.

Sorry, but that is my opinion.

Gerry

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