sidhead
November 29, 2022, 7:19am
#1
Getting “The entered price is too far from current market price” when trying to put 500 in - this could well have a sudden run into the 100s as it is going private. I don’t want to have to sit watching it all the time or miss out.
Can I override this check somehow?
Welcome to the Community, @sidhead
For the time being, we won’t be increasing the distance for MMTLP, as it is already 100% of its price. However, I’ll let you know if anything changes.
sidhead
November 29, 2022, 3:43pm
#3
I see, thanks. I guess I just have to sit and watch it for the net 2 weeks
robmo
November 30, 2022, 12:32pm
#4
100% of its price but it’s moved 600% in the last few months?!?
Don’t believe the restrictions you have set are fair or justified.
Please can this be escalated to be looked into as we should be allowed to set our own sell
Limit price.
Zergui
November 30, 2022, 12:45pm
#5
Fidelity allows ±50%.
100% is quite fair. Also Euronext Amsterdam is going to delete limits order on the book too far from current price.
robmo
November 30, 2022, 3:22pm
#6
Robinhood allowing holders to place limit sell price of $5000 , now I wouldn’t really want that high but a few hundred maybe
1 Like
Is this like when GameStop went to a million dollars?
sidhead
November 30, 2022, 11:37pm
#8
Not quite, only takes a little time to work out that it’s minimum $30 just based on the assets being sold.
Just had a look and two thirds of their assets are goodwill. Who’s paying for that? (Spoiler you did!)
1 Like
Well it is Xmas, plenty of goodwill to go around.
4 Likes
Rhyssse
December 2, 2022, 10:24am
#11
Is there an update on this please? We are nearing the date that this will cease trading.
B.E
December 2, 2022, 12:20pm
#12
Not at the moment, I’m afraid @Rhyssse . I’ll make sure to update the thread if there is.
sidhead
December 2, 2022, 1:06pm
#13
Curious to understand why that limit exists?
B.E
December 2, 2022, 1:44pm
#14
It prevents the market from being flooded with pending orders outside of normal parameters. I’ve gone into more detail on the same subject here .
sidhead
December 2, 2022, 5:57pm
#15
Thanks!
Would be good to be more in line with other platforms though, if a limit must be applied.
Zergui
December 9, 2022, 3:50pm
#16
It looks like going private doesn’t mean trading in the 100s apparently
Oh but the shorts? Wonder who’s fault this is!
1 Like
sidhead
December 10, 2022, 12:45am
#18
Didn’t get chance to find out to be fair, trading closed early and short shares still on loan so the buying back which could have pushed it up didn’t get to happen. A bit questionable on the old “do the rules even matter?” front if unlimited shorts can be taken out and not have to be dealt with to close.
Zergui
December 10, 2022, 9:59am
#19
You see the buying back from the shorts; but you seem to entirely put to the side the selling from everybody who doesn’t want to hold noj tradable shares. Which is the vast majority of the shareholders.
sidhead
December 10, 2022, 5:48pm
#20
Majority weren’t able to sell, it got halted till deletion. I was going to keep some in but sell the majority.