I have lost some money with CMC
However I do think their liquidation strategy (selling your holding) is a concerns.
2 Situation I now experience with them liquidating my stocks which you have ask question.
Starting today -2nd time
When the UK Maket open I hold XTA -1050 unit(Xstrata) and CSR(UK) -1500 unit
I have over $1300 in Total equity
-condition for them to liquidate (20% ot above $@260 ) -
When UK Market open XTA went upto and CSR go down.
I found its funny that when they liquidate the XTA and CSR I had no opportunity to enjoy the uptrend yet will CSR kept sliding they kept it and liquidate it latter at lows - should they have not liquidate them both at the sametime ?
However this time after they complete liquidation -its fall i line to what I see in the total equity and reflect the same period of times that the price are quoted -eg they complete liquidation at 08:14 - relfect the current share price for CSR at the times.
First time liquidation
-well to disappointed to get the date and figures - the disappoinment is the behaviour of the liquidation dis-advantage me in maximum ways - eg at the times my onscreen total equity show - I am in fron by a few hundred dollars - next second all my holdings were gone - it show I am $1800 behind - when I check what time they liquidate me - it shows it show the price of ten-15 minutes ago - meaning due to me being in the position I was - they can sell my holdings for the price that was 10-15 minutes and might have gained something from that as how else would you explained had you yourself did the trading at the times you are a few in hundreds in front yet they can sell something that was 10-15 minutes ago -abit hard to explain -but something I found very concerns with their behaviour .
I am sure that have answer for everything -hence I am not ringing them - but I have capture the position I held after XTA was sold and not CSR was not sold (XTA went up - I would have profited from this - yest they sell - CSR go down - I did not profit - so how they decide to sell XTA and CSR is beyond believe)
Very angry and frustrated with CMC Markets.
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Last
$61.22 |
Change
-0.320(0.52%) |
Mkt cap ! $11.86B |
Open | High | Low | Value | Volume |
$61.58 | $61.92 | $61.19 | $63.26M | 1.032M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 23666 | $61.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$61.42 | 5200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 155 | 61.150 |
1 | 150 | 61.060 |
1 | 16 | 61.050 |
1 | 155 | 61.020 |
2 | 310 | 61.010 |
Price($) | Vol. | No. |
---|---|---|
61.550 | 499 | 1 |
61.600 | 409 | 1 |
61.670 | 155 | 1 |
61.920 | 350 | 1 |
61.950 | 310 | 2 |
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