UOS 0.00% 56.5¢ united overseas australia limited

blocking sells on the sell side , page-13

  1. 62 Posts.
    I can't really see the problem here.

    If you want to buy, buy some (or all) of those 39,000 shares. They are reasonably priced and it's a quality stock which is only going to go up as time goes by.

    If you want to sell, you have a choice: either place your sell order and wait paitently until the 39,000 order sells first or is cancelled (bonus here for you if it is a day order, 'coz that means your order at the same price will go to the front of the queue tomorrow). Or, if you are in a hurry to sell, drop your price to meet the best bid, same as you'd have to do with any other security if you are keen to sell. If you don't like that much, then perhaps thinly traded stocks are not for you and you should stick with CBA and BHP and Telstra.

    And, of course, if you want to hold, just hold - and watch the value of your holding increase, little by little, day by day.

    PS: yes, day orders are as easy as pie with Comsec. There are two boxes on the form, right next to each other. One is a drop-down expiry date, pre-filled to 30 days, which you can change to something else, such as next Wednesday, if you wish; the other box is the "good for day" tick box. One tick there is all you need. The Comsec IRESS order form much the same. From memory, the E-Trade one is too.
 
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