LYN stock market FAQs & Guide, T+3, Dividends, commissions/fees, etc...
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  Apr 14 2010, 04:15 PM
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#1
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Junior Member
15 posts Joined: Feb 2010  
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hi...i have 1 problems
i have bought DBE for 0.20 @30000 share and my remiser sold it all at 0.25.the problemm is there is some miscomunicstion and i have sold additional 18000 share @ 0.27at the end of trading session . do I have to pay the penalty and if so how much . Or it is brokerage system fault that allow oversold situation like that .TQ. Sifu i urgently need someone help to explain it |
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Apr 14 2010, 09:51 PM
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#2
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Junior Member
15 posts Joined: Feb 2010
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QUOTE(skiddtrader @ Apr 14 2010, 05:16 PM) If you over sold, then you are considered short selling which is illegal. You have to cover back those extra that you sold and I believe there is some sort of fine for it. Your remisier should have more details for it and you should contact him/her on what you should do. thanks.. he told me something about lets hope dbe stocks drop at T + 2 . 5 cent fine will be added @ T + 2 to each share oversold. then they will deduct it with 0.25. i will have to pay the difference. so in short , lets hope dbe drop more cm. hmmh...hmmm  |
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