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the 10% rule
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mlefu
#1 Posted : Thursday, May 26, 2011 2:44:43 PM
Rank: Elder


Joined: 2/11/2007
Posts: 1,680
Location: nairobi
someone help me understand its benefits if any?
to me its just over-regulated the nse, at the current bear like market, i would suggest we do away with it, make trading exiting!!!
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Gordon Gekko
#2 Posted : Thursday, May 26, 2011 4:12:03 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
Second that.

Also the CFC ATLite_V1.2.6 also doesn't know announcement dates - it will always insist on a maximum 10% variation each day, whether its announcement day or not.
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erifloss
#3 Posted : Thursday, May 26, 2011 6:59:57 PM
Rank: Member


Joined: 6/21/2010
Posts: 514
Location: Nairobi
Gordon Gekko wrote:
Second that.

Also the CFC ATLite_V1.2.6 also doesn't know announcement dates - it will always insist on a maximum 10% variation each day, whether its announcement day or not.

With CSFS what you should always do is wait till around 10.30 during the material day or inform them on the material day before auction at the NSE starts.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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Tommy
#4 Posted : Thursday, May 26, 2011 7:00:46 PM
Rank: Veteran


Joined: 12/9/2010
Posts: 894
Location: Nairobi
rules should remain enforced whether we are in a bull or bear. lets understand the purpose of that rule.
Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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