SEC directive to force sell over T+5 Debtors today

dimuthubas · 1 SEC directive to force sell over T+5 Debtors today Tue Mar 15, 2011 11:57 am

dimuthubas

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Announcement by CDEX

"Dear Customer !
As per the SEC directive we have to force sell over T+5 Debtors today. Please contact your Investment adviser immediately. If you have sold please ignore this message."

Is this mean the market down turn will be over today after force selling today..??? Question

Slstock

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dimuthubas wrote:Announcement by CDEX

"Dear Customer !
As per the SEC directive we have to force sell over T+5 Debtors today. Please contact your Investment adviser immediately. If you have sold please ignore this message."

Is this mean the market down turn will be over today after force selling today..???

Well not all broker sent this message for sure. Atleast not mine until now.

milanka

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dimuthubas wrote:Announcement by CDEX

"Dear Customer !
As per the SEC directive we have to force sell over T+5 Debtors today. Please contact your Investment adviser immediately. If you have sold please ignore this message."

Is this mean the market down turn will be over today after force selling today..???

Who is the broker send this to you ?

dimuthubas

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Who is the broker send this to you ? [/quote]

dear milanka, This is a CDEX Announcement. My broker is a one of leading Firm..
(I think/feel it is not nice to mention here).

I guess market may come down a bit latter in the day,
Even my Portfolio is red.
And as long as I dont have any credits to settle & Still have funds kept for buying so im waiting to collect at end of the day..

Fresher

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I did not get such an announcement. so yes, probably not all brokers. But it is a CDAX announcement and a direction by SEC. hmm...

duke

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T+5 is a daily occurance. not specific for today
there will be T+5 collection for tomorrow and the day after tomorrow...

Fresher

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duke wrote:T+5 is a daily occurance. not specific for today
there will be T+5 collection for tomorrow and the day after tomorrow...

yes. but IF this is the first time he has got the message, it probably could be that the particular broker firm is in a hurry to settle the debts

dimuthubas

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duke wrote:
yes. but IF this is the first time he has got the message, it probably could be that the particular broker firm is in a hurry to settle the debts

Yes this is the 1st time I got this message.. And yes I also thought it like that. may be they are going to clear off all long-standing credits by today itself.

Last edited by innam on Tue Mar 15, 2011 1:35 pm; edited 1 time in total (Reason for editing : format adjustment)

duke

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may be looking at the market i think they don't want to add more debt on top of all the trouble they have

dinusl

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As my knowledge this msg is sent by Asia securities ? Correct if I am wrong Very Happy

mjrocker

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This message from ASI.I called my broker he told this is a mistake.But I didnt have any margin and i just ask from him.And also he told me if market went below 7000 it will go down to 6800

seyon

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mjrocker wrote:This message from ASI.I called my broker he told this is a mistake.But I didnt have any margin and i just ask from him.And also he told me if market went below 7000 it will go down to 6800

Hi Guys

Be Cool..... Think Positive.... Don"t be panic..... Market will turn around tomorrow......

Happy Trading with Green Signs....

Meta Trader

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seyon wrote:

mjrocker wrote:This message from ASI.I called my broker he told this is a mistake.But I didnt have any margin and i just ask from him.And also he told me if market went below 7000 it will go down to 6800

Hi Guys

Be Cool..... Think Positive.... Don"t be panic..... Market will turn around tomorrow......

Happy Trading with Green Signs....

looks like ur bag is full Razz

good for you Very Happy

seyon

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Meta Trader wrote:

seyon wrote:

mjrocker wrote:This message from ASI.I called my broker he told this is a mistake.But I didnt have any margin and i just ask from him.And also he told me if market went below 7000 it will go down to 6800

Hi Guys

Be Cool..... Think Positive.... Don"t be panic..... Market will turn around tomorrow......

Happy Trading with Green Signs....

looks like ur bag is full
good for you

No Meta

Still I can use my margin, today also i collected some good counter @ lowest price

why i said is we have to be very optimistic

Happy Trading with Green Signs....

jaya

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Market will turn Green by next week, or with UB trade day. Most probably Bank will run, SEYB, MBSL,COMB,SAMP,LOLC,LFIN very attractive

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SEC directive to force sell over T+5 Debtors today

1 SEC directive to force sell over T+5 Debtors today Tue Mar 15, 2011 11:57 am

dimuthubas

2 Re: SEC directive to force sell over T+5 Debtors today Tue Mar 15, 2011 12:04 pm

Slstock

3 Re: SEC directive to force sell over T+5 Debtors today Tue Mar 15, 2011 12:07 pm

milanka

4 Re: SEC directive to force sell over T+5 Debtors today Tue Mar 15, 2011 12:40 pm

dimuthubas

5 Re: SEC directive to force sell over T+5 Debtors today Tue Mar 15, 2011 12:48 pm

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6 Re: SEC directive to force sell over T+5 Debtors today Tue Mar 15, 2011 1:01 pm

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8 Re: SEC directive to force sell over T+5 Debtors today Tue Mar 15, 2011 1:33 pm

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9 Re: SEC directive to force sell over T+5 Debtors today Tue Mar 15, 2011 1:58 pm

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10 Re: SEC directive to force sell over T+5 Debtors today Tue Mar 15, 2011 3:12 pm

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12 Re: SEC directive to force sell over T+5 Debtors today Tue Mar 15, 2011 4:55 pm

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