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r0cketman

18 Posts.

24/09/18

09:58

Post #: 35791787
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Originally posted by ChippyDude ↑

Attention !!! KTD Holders, I just got some information from my ANZ Broker that I wasnt aware of until Now.

Some of the Pro Traders may have known this so it may or may not have impacted how some stocks traded on Friday, as ANZ broker was changing to a new platform so any stocks bought Friday last week on the old ANZ platform arnt able to be sold again until after settlement T+2.

So that may have contributed to the less buyers and more sellers on Friday, based on My Guess.

I would expect the Pro Traders knew this, and may have known what is likely in these events of Broker platform change and they may have sold stock. Pure Guess from me.

But any stock bought from today on the new Platform is able to be re-sold anytime .

It meant that any trades entererd on friday with a stop loss applied wouldve had their stops pulled over the weekend and also them being unable to sell until Wednesday.

The Broker Platform change is a rare event, and also the Price action on Friday was also rare.

So Friday may have had a lack of buyers, and Monday and Tuesday this week may have a lack of sellers.

Purely Guess from me but important information for KTD holders to be aware of.

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I'm with ANZ,

The maintenance was after hours on friday, It was on the website (still shows in google) but now active.

I didn't experience any issues with any trades during the day

I've taking a screen grab of google below;

KTD Price at posting: 58.0¢ Sentiment: None Disclosure: Not Held
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KTD chart, page-151

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