Forum Archive Index - June 2002

[Adam Rands <adamlist@iguana2.com>]

Hugh

Just to reiterate what all the others have said.

All the problems you mentioned about web broker are just a the fact of 
trading shares. It has nothing whatsoever to do with Webbroker.

- Brokers have to check holdings before placing sell orders on the market. 
You can't expect a broker to take on this risk especially if the order is 
as large as you have told us. Brokers may use their discretion from time to 
time for regular traders however from your own admission you say you don't 
trade that regularly.

- Marriages and crossings (queue jumping) has been a part of trading on the 
NZSE and most other world bourse for as long as I can remember.

I'm glad you have managed to complete your order successfully online. With 
all things considered you must be happy to be able to sell a large parcel 
of shares for $29. The same service would of most likely cost you ten times 
as much from a traditional broker and yielded the same end result.

Cheers

Adam


At 01:29 PM 15/06/2002, you wrote:
>And for those of you who were wondering....yes, it finally
>successfully completed end of Friday and for the price I
>wanted after I again got shunted Friday morning by queue jumpers.
>KIP it was.
>And for those who have received great service....I'm very happy
>for you, you must have had very small parcels and sold at market :-).
>And presumably they either didn't feel the need to check your
>holding or the registry was online or they used their brains and
>say did a credit check instead....
>
>And having generally moved to cash I'll wait at least until after
>the general election and pray for a Greens victory i.e. Greens
>holding the balance of power. Should provide some great buying
>opportunites, eh  ;-)
>
>cheers,
>Hugh
>
>----------------------------------------------------------------------------
>To remove yourself from this list, please use the form at
>http://www.sharechat.co.nz/chat/forum/


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/