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| Discuss A Strange Problem at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by swagat86 oh tell me somethin, is it illegal to place opposite order ... |
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#11
26th August 2007, 11:29 AM
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Re: A Strange Problem
Quote:
Its sell position and means we have to give delivery to the exchange .... since in this case we dont have the shares in our account the exchage conducts a buy-in auction on our behalf. In my case, i short sold polaris for 124 but forgot to squareoff...... first up since i short sold there was a value debit in my account for 127(i think its 20% above the CMP)..... then the buy-in auction happened for 114......net net i profited ....auctions can be good in a falling market. 
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#12
26th August 2007, 02:37 PM
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Re: A Strange Problem
 .........who cares.............it happened again and again with me.........(2-3 years back). Take it easy........... 
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#13
26th August 2007, 02:50 PM
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Re: A Strange Problem
I was also profite in george wiliams last year. I sold at 164 and later autcion happend at Rs. 156. I had caught in auction 4-5 times for small quantity but never imposed big penalty. But my friend had caught in union Bank and he has to incurr loss of around 25%. So be careful.
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#14
26th August 2007, 03:36 PM
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Re: A Strange Problem
Quote:
chills 
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#16
26th August 2007, 05:42 PM
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Re: A Strange Problem
Hi
In such a case of short selling and got caught , ask your broker to buy it off-market, the same day. the off martket is open for half hour after the trading is over. Other iwse it is going to be very costly error , because stocks would be bought for you in an auction and with penalty, it is about 50% higher than the upper circuit sagi
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#17
26th August 2007, 11:13 PM
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Re: A Strange Problem
Quote:
sawgat mah brother, dunno waz doin a lotta readin this morn
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