Need some help

#1
Respected All,

last Friday 26/03/10 i sell 280 VALECHA ENGI share on an avarage of 142.something after 1.45 or 2 suddenly its stop trading and i m unable to stop loss the share. on the evening there is a mail :


Sir / Madam,

This is to inform you that the security mentioned below could not be squared by the system since the rate was frozen.


Segment Trade Code Scrip Qty Short
BSE UTS9162 VALECHEN 280


So the said scrip will be marked for auction. This is for your information.

Kindly get back to us for any sort of further clarifications. Thanking you and assuring you of our best services at all times

Warm Regards,

Geojit BNP Paribas



plsease tell anyone what i have to do ? anything need for my side?
 

trader.trends

Well-Known Member
#3
You have to do nothing. The shares will be auctioned on the exchange and the amount adjusted in your account. Next time keep a stop loss for all your trades. If it is a low volume stock keep the SL above/below the circuit limits depending on whether you have gone short/long in it. Auction almost always results in a greater loss than using the SL.
 

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