06 November 2007

Order placement problem for HKE-traded stocks solved

A call from my Swiss broker solved the problem of placing online orders on UBS.

Outside market hours, their system does not accept orders valid for the day only. Therefore, yesterday I would have had to make the order valid from 06.11.2007 until 07.11.2007. Then, watching the price at the open I could have decided whether or not to place an new order at a higher limit and cancel the old order. It's too late for alibaba.com now.

Just the same, once I figure out how to buy HKE stocks through E*Trade I shall use E*Trade, because of the lower commissions.

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