Forum Archive Index - March 2004

["andy liang" <andymanl@hotmail.com>]

Thanks Allan,  I failed to cancel the sale order that was ASX SUN at 12.83 (1000 shares),  SUN went up to 13.65 high on the same day.  It wasn't a good result for day tradinngs.

Andrew

>From: "Allan Julian"

>Reply-To: sharechat@sharechat.co.nz

>To:

>Subject: RE: [sharechat] Selling shares online

>Date: Sun, 29 Feb 2004 20:32:02 +1300

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>Andy ring the 0800 number tomorrow,its 0800 272 732, you will need your

>client number, I suspect they will tell you that it was to far gone in the

>system to retreive, they have a disclaimer as such, which is shown as an

>ammendment is put in.

>I have found them helpfull.

>As long as it was under $30,000 it will take less than $30 to buy them back,

>although granted that is not your point.

>Allan.

>   -----Original Message-----

>   From: sharechat-owner@sharechat.co.nz

>[mailto:sharechat-owner@sharechat.co.nz]On Behalf Of andy

>   Sent: Sunday, 29 February 2004 7:44 p.m.

>   To: sharechat@sharechat.co.nz

>   Subject: [sharechat] Selling shares online

>

>

>   Hello everyone, I am a beginner in trading shares and I am currently

>buying and selling shares through ASB Securities.  I have got a question to

>ask you because I've experienced something I wasn't sure of:  I put in an

>order to sell shares for a certain price about a week ago and I concelled

>the sale order last Friday at 12:13 (the cancellation was already shown on

>the screen) but 2 minutes later the sale of these shares was executed (at

>12:15, both the time of the order to sell and the time of the concellation

>were recorded by ASB Securities).  So the sale took place 2 minutes after I

>had cancelled.   I am not sure if this is normal practice for online trading

>or not.   If not,  what should I do about this?  Any suggestions?

---

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