tubal wrote: Gaja wrote: tubal wrote:I too placed an order for at 1525 ( i wanted go lower but the system didn't allow me said the price was outside the accepted range). Then all of a sudden, the price plummeted to 1000. So how come those orders went through? Does the SEC allow big players to place orders at any price but not retailers? Aren't they supposed to create a level playing field?
Because of this drastic price drop, I panicked and sold mine soon as a small profit could be made. Heck that was still about 60% above the days low. Who would have thought the price would go up another 800. This is just crazy. Crazier than the palm oil drama that was played out over the last three days.
i can't understand if u can't put the order for 1,525 then how they able to execute to transfer at 1,000/= I don't know why the seller agree to sell at 1,000/= it is true that every buyer to try get it at the lowest possible rate, and on the other hand the seller also try to sell at the best highest value?
I couldn't put the order below 1525 because of the 50% rule. A share cannot trade more than 50% below the last close, or 50% above it. Obviously that rule didn't apply for that transaction.
But there were other transactions which were lower than 50% except to that 448,300 at 1000.
It said that Perpetual Capital bought 448,300 shares on the statement.
http://www.cse.lk/cmt/upload_cse_announcements/6271297775306_.pdf
09:53:32 1,360.00 100 2,000.00 1,000.00 -1,673.30 -55.16
09:53:10 1,500.00 100 2,000.00 1,000.00 -1,533.30 -50.55
09:50:18 1,518.00 100 2,000.00 1,518.00 -1,515.30 -49.96
09:50:18 1,520.00 100 2,000.00 1,520.00 -1,513.30 -49.89
09:50:18 1,525.00 100 2,000.00 1,524.00 -1,508.30 -49.72
09:50:18 1,000.00 448,300 2,000.00 1,000.00 -2,033.30 -67.03
09:50:18 1,000.00 200 2,000.00 1,000.00 -2,033.30 -67.03
09:50:18 1,000.00 1,000 2,000.00 1,000.00 -2,033.30 -67.03
09:50:18 1,200.10 100 2,000.00 1,200.10 -1,833.20 -60.44
09:50:18 1,200.00 100 2,000.00 1,200.00 -1,833.30 -60.44