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Forums > General Investment Discussion > Topic: Unable to sell stock...

Aug 23rd 2007, 01:24
IntLibber Brautigan
Unable to sell stock...
For some reason, attempts to sell SLCapex stock are being cancelled by the system without explanation.
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Aug 23rd 2007, 04:20
Kailen Juran
Re: Unable to sell stock...
It might have been a temporary glitch as I just put in sell order (at a high price in case someone spikes).
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Aug 23rd 2007, 09:08
AEBank Dagger
Re: Unable to sell stock...
I believe there may have been a temporary glitch. I logged in this morning and found that all my sell orders had been cancelled.
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Aug 23rd 2007, 12:45
Unoti Quonset
Re: Unable to sell stock...
I don't know of any problem with this, but I am checking into it.
There's no provision for administrators to remove or cancel orders. The only way to cancel orders (assuming things are working properly!) is for the user to cancel them, or for them to expire after 3-4 days. Another way would be if I were to manually change them in the data, but I haven't, and I'm the only one with access to the database. The way order expiration works is like this: orders are set to expire 3 days after they are created, but the system only removes expired orders once per day during market open.
The orders that you guys found were missing, were they older orders that died a natural death?
I'm investigating this to see if something is up.
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Aug 23rd 2007, 13:17
Unoti Quonset
Re: Unable to sell stock...
I found a problem-- one of the buyers of SLCX stock somehow doesn't have enough money to cover his order. That is causing at least some sell orders to fail. I'll have it resolved soon.
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Aug 23rd 2007, 13:27
Unoti Quonset
Re: Unable to sell stock...
I've corrected that buy order that was for a couple more lindens than the user had. You should be able to sell without incident now. I'm not sure how the user was able to place that order, and will check into that.
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Aug 23rd 2007, 14:12
Cayman Beaumont
Re: Unable to sell stock...
I submitted a ticket for this back in June, not sure if it helps.

Negative Balance
You may be aware of this issue already, during yesterdays IPO of GPBA, I purchased shares allowing me to go $10k into debt. It would allow me to purchase these shares up to the balance on my limit buy orders. I assume that the system would not have allowed the completion of my existing buy orders, this would cause confusion in trading!.

It allowed these purchases, as I didn't calculate the exact amount of shares I could purchase with my remaining cash balance. I assumed just like normal buy orders that the system would calculate the correct number of shares using my account balance, it did not, it assumed that the funds allocated for the buy orders was still available.
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Aug 23rd 2007, 15:33
AEBank Dagger
Re: Unable to sell stock...
I didn't know they expired after 3 days (or that just didn't click). I think that is what my particular problem was.
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