ATL.R selling rejected

bhagi · 1 ATL.R selling rejected Tue Apr 05, 2011 10:14 am

bhagi

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im using Directfn for the trading...I have bought ATL.R and now trying to sell them..but i couldnt sell them off as the command is being rejected as the price is not in range...

can somebody tell me what is the problem.?..and waht do you guys think about its price will it go up before 7th?

higanakolla · 2 Re: ATL.R selling rejected Tue Apr 05, 2011 10:40 am

higanakolla

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dear there is a price range restriction.Your price should be within the range of +-50%.
example - IF VMA price(Last Day) is 0.4. today's 50% price range is 0.2-0.6 . You can put orders using only that range. Please put your selling order within that range.

bhagi · 3 reply Tue Apr 05, 2011 10:52 am

bhagi

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yes,but say the amana is tradng nw at around 0.3 - 0.4.....i have them at 0.4 rs...when i put a selling order from 0.5 to until 0.8 still its getting rejected...the 50% is well within the 0.8 rs right?...any idea?

TuskerLK · 4 Re: ATL.R selling rejected Tue Apr 05, 2011 2:52 pm

TuskerLK

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i'm using JB online..i also faced the same problem, i tried to sell it at 50 cents in the morning, it was rejected. when i contacted the brocker he said sorry todays max order limit is 40 cents and all the orders above that limit are put before today ,

i sold it off at 40 cents incurring a loss, but in the evening the things reversed and there were buy orders at 50 cents also...

crap fellows, borkers don't know anything.... scratch

.... they only know to tell some lies to convince us to cut off the calls scratch

TuskerLK · 5 Re: ATL.R selling rejected Tue Apr 05, 2011 2:54 pm

TuskerLK

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higanakolla wrote:dear there is a price range restriction.Your price should be within the range of +-50%.
example - IF VMA price(Last Day) is 0.4. today's 50% price range is 0.2-0.6 . You can put orders using only that range. Please put your selling order within that range.

yesterdays VWA closing price was 30 cents, so it can move maximum of +-15 cents,if so how come there where orders at 50 cents in the evening

raa · 6 Re: ATL.R selling rejected Thu Apr 07, 2011 10:02 am

raa

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Is it fair that i am frustrated that I cannot sell ATL.R above 70cents specially when the voting share has hit 2.60 and there were no more ATL.R sellers and only buyers...??

As much as I understand why CSE need to place controls on the stock, it is only fair that these controls are not a static range, but a dynamic range that takes into account the trading price of the voting stock otherwise you are begging for massive scale arbitrage.

Just saying... Rolling Eyes