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Online Share Trading

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Manipulation which confuses TA

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stores
Super Contributor
A deal for only R331 of Satrix Fini was made at 14h16 this afternoon (4% below the previous deal), dropping the STXFIN market cap by R40 million. No other deals were made today after this and all future TA graphs will show a drop of 4% in the closing price for today. The bigger problem is that it could trigger stop losses. Is there anything that the JSE or whoever can do in this regard? (i.e. adjust the official closing price or cancel the deal or something).
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10 REPLIES 10
SimonPB
Valued Contributor
firstly, chart the real index, not the stx index .. secondly, complain to the JSE, but even if the agree, they not going to change the picture for you ..
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NJ_1
Frequent Contributor
Also don't rely on automatic stop-losses on instruments that have 5 or 10 trades per day. Watch the index and sell manually.
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saash
Super Contributor
Use alerts instead of stops
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stores
Super Contributor
Tks for the advice Saash. How do I set alerts on the site? I suppose that I could phone the call centre to find out but maybe others want to know as well.
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NJ_1
Frequent Contributor
I might be wrong, but I don't think you can set an alert on an index on OST, even though you can add the index to your watchlist.
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HateGauteng
Super Contributor
my detailed watchlist -> click on "A"
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NJ_1
Frequent Contributor
The A doesn't appear next to indexes in my list. Only against shares.
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stores
Super Contributor
Thanks all. Got it and it also works for Satrix collective funds on my watch list.
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HateGauteng
Super Contributor
Which browser do you use? I use IE 8 and see the "A" next to my STX40.
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NJ_1
Frequent Contributor
STX40 is not an index. It's an ETF. To me it doesn't make sense to put an alert (or stop) on the instrument, but rather on the underlying - in this case, the index.
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