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Capital Markets Authority BAN THE PROMPT BOARD...
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VituVingiSana
#11 Posted : Wednesday, May 19, 2010 5:52:15 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@Wa-ithaka - Are you a broker? Do u work for a stockbroker?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mufasa
#12 Posted : Thursday, May 20, 2010 5:55:35 AM
Rank: Member

Joined: 4/15/2008
Posts: 238
Nonsense, Prompt lots trades should not be allowed. is encouraging unfair competition. Let the normal board prevail.
Do it today! Tomorrow is promise to no-one.
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mozenrat
#13 Posted : Thursday, May 20, 2010 7:31:26 AM
Rank: Veteran

Joined: 5/18/2008
Posts: 796
@mufasa...

If the normal board did not exist and all trades were executed at t+1 i.e Prompt board, where would the unfair competition arise from?

We shouldn't be asking our institutions to take a step backwards, we should be encouraging them to look forward... i.e increase efficiency...

That said, I can see unfair competition arising from the existence of BOTH boards at the same time.
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VituVingiSana
#14 Posted : Thursday, May 20, 2010 7:47:17 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@mozenrat - Erm, i think @mufasa agrees with your position... There shud be no prompt or normal board... just one... +1 settlement
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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2012
#15 Posted : Thursday, May 20, 2010 7:50:11 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
I see absolutely nothing wrong with it. It's fair game.

BBI will solve it :)
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  | | Edit by user: Thursday, May 20, 2010 7:52 AM | Reason: Not specified
the deal
#16 Posted : Thursday, May 20, 2010 7:53:20 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@ all it looks like most people here are in favour of one board thats the PROMPT BOARD...to allow day trading...increase efficiency...the aim of this thread is to indicate how brokers out there are abusing the two boards to dupe investors surely if u sell your shares 10% below the market price u wouldnt be to happy or will u?????
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Kamaa
#17 Posted : Thursday, May 20, 2010 8:03:59 AM
Rank: Veteran

Joined: 10/6/2007
Posts: 1,177
Location: Nairobi - Kenya
@the deal

the broker is not to blame...

but the investor who puts orders without target prices...
When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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2012
#18 Posted : Thursday, May 20, 2010 8:21:11 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
the deal wrote:
@ all it looks like most people here are in favour of one board thats the PROMPT BOARD...to allow day trading...increase efficiency...the aim of this thread is to indicate how brokers out there are abusing the two boards to dupe investors surely if u sell your shares 10% below the market price u wouldnt be to happy or will u?????



@the deal
What kind of orders do you instruct your broker to place?

BBI will solve it :)
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Jaguar
#19 Posted : Thursday, May 20, 2010 10:00:14 AM
Rank: Member

Joined: 6/7/2007
Posts: 263
Location: humu humu
the deal wrote:
somebody sold his KQ shares today on the prompt board at 52 bob yet the price was hovering btwn 55-56

somebody just bought 700kQ shares @60.00 while the highest ask on normal board is at 56.00. A bid of 100 kQ pending on the prompt board @60.00
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the deal
#20 Posted : Thursday, May 20, 2010 10:19:47 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@jaguar thats the prompt board for you... i guess brokers should ask investors where to place their bids...prompt or normal...
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