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Interference of Average security buying price Alert!!
ARAP CHARLES
#1 Posted : Thursday, February 23, 2017 8:31:01 PM
Rank: Member

Joined: 5/30/2016
Posts: 217
Location: Talai
I bought a few Safaricom shares last year at 18.90cts at once after all the charges have been settled. When I checked on the last weeks of January 2017 the price was 19.33cts, then i thought it will recorrect itself after a while since I thought may be it is system error. To DATE the average price is still 19.33cts. my question is could there be someone who has hacked my account and reviewed the average price or there are some new charges that i dont know. WASUA PLEASE HELP I FIND THIS SERIOUS!!
Watch and Listen and Live
Gatheuzi
#2 Posted : Thursday, February 23, 2017 8:38:16 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
ARAP CHARLES wrote:
I bought a few Safaricom shares last year at 18.90cts at once after all the charges have been settled. When I checked on the last weeks of January 2017 the price was 19.33cts, then i thought it will recorrect itself after a while since I thought may be it is system error. To DATE the average price is still 19.33cts. my question is could there be someone who has hacked my account and reviewed the average price or there are some new charges that i dont know. WASUA PLEASE HELP I FIND THIS SERIOUS!!

Difference is 2.28% so it must be the commissions. Please rest easy bro. No hacking there.Laughing out loudly Laughing out loudly Laughing out loudly
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
ARAP CHARLES
#3 Posted : Thursday, February 23, 2017 8:46:44 PM
Rank: Member

Joined: 5/30/2016
Posts: 217
Location: Talai
Gatheuzi wrote:
ARAP CHARLES wrote:
I bought a few Safaricom shares last year at 18.90cts at once after all the charges have been settled. When I checked on the last weeks of January 2017 the price was 19.33cts, then i thought it will recorrect itself after a while since I thought may be it is system error. To DATE the average price is still 19.33cts. my question is could there be someone who has hacked my account and reviewed the average price or there are some new charges that i dont know. WASUA PLEASE HELP I FIND THIS SERIOUS!!

Difference is 2.28% so it must be the commissions. Please rest easy bro. No hacking there.Laughing out loudly Laughing out loudly Laughing out loudly


Actually, the commission part I understand. if I buy tomorrow kenya airways at 6.00cts. does it mean that the average price will be 6.30cts even if the price drops to 4.50cts. I Believe the price you put or requested should be exactly 6.00cts NOTHING CHANGES HERE!! The margin that changes is the profit/loss margin that will show your the changes not the the buying nor the selling price.
Watch and Listen and Live
watesh
#4 Posted : Thursday, February 23, 2017 8:49:44 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
ARAP CHARLES wrote:
I bought a few Safaricom shares last year at 18.90cts at once after all the charges have been settled. When I checked on the last weeks of January 2017 the price was 19.33cts, then i thought it will recorrect itself after a while since I thought may be it is system error. To DATE the average price is still 19.33cts. my question is could there be someone who has hacked my account and reviewed the average price or there are some new charges that i dont know. WASUA PLEASE HELP I FIND THIS SERIOUS!!

Did you buy them though an online platform or was someone else doing the buying for you at the stock broker's office?
ARAP CHARLES
#5 Posted : Thursday, February 23, 2017 8:55:48 PM
Rank: Member

Joined: 5/30/2016
Posts: 217
Location: Talai
watesh wrote:
ARAP CHARLES wrote:
I bought a few Safaricom shares last year at 18.90cts at once after all the charges have been settled. When I checked on the last weeks of January 2017 the price was 19.33cts, then i thought it will recorrect itself after a while since I thought may be it is system error. To DATE the average price is still 19.33cts. my question is could there be someone who has hacked my account and reviewed the average price or there are some new charges that i dont know. WASUA PLEASE HELP I FIND THIS SERIOUS!!

Did you buy them though an online platform or was someone else doing the buying for you at the stock broker's office?


I bought them online last year JULY 21st. My purchases range between 18.90cts and 19.10cts
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hisah
#6 Posted : Friday, February 24, 2017 6:29:41 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
ARAP CHARLES wrote:
watesh wrote:
ARAP CHARLES wrote:
I bought a few Safaricom shares last year at 18.90cts at once after all the charges have been settled. When I checked on the last weeks of January 2017 the price was 19.33cts, then i thought it will recorrect itself after a while since I thought may be it is system error. To DATE the average price is still 19.33cts. my question is could there be someone who has hacked my account and reviewed the average price or there are some new charges that i dont know. WASUA PLEASE HELP I FIND THIS SERIOUS!!

Did you buy them though an online platform or was someone else doing the buying for you at the v stock broker's office?


I bought them online last year JULY 21st. My purchases range between 18.90cts and 19.10cts

The system is capturing your buying price plus commission paid. This is a nice thing since it shows your absolute cost. To break even you need to sell at 19.33 plus sale commission (1.8% or 2.1% depending on the sale size). Most people forget to factor in these buy and sell costs. If day trading is introduced with such high buy/sell costs, it will be a dead product.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
ARAP CHARLES
#7 Posted : Friday, February 24, 2017 11:02:54 AM
Rank: Member

Joined: 5/30/2016
Posts: 217
Location: Talai
hisah wrote:
ARAP CHARLES wrote:
watesh wrote:
ARAP CHARLES wrote:
I bought a few Safaricom shares last year at 18.90cts at once after all the charges have been settled. When I checked on the last weeks of January 2017 the price was 19.33cts, then i thought it will recorrect itself after a while since I thought may be it is system error. To DATE the average price is still 19.33cts. my question is could there be someone who has hacked my account and reviewed the average price or there are some new charges that i dont know. WASUA PLEASE HELP I FIND THIS SERIOUS!!

Did you buy them though an online platform or was someone else doing the buying for you at the v stock broker's office?


I bought them online last year JULY 21st. My purchases range between 18.90cts and 19.10cts

The system is capturing your buying price plus commission paid. This is a nice thing since it shows your absolute cost. To break even you need to sell at 19.33 plus sale commission (1.8% or 2.1% depending on the sale size). Most people forget to factor in these buy and sell costs. If day trading is introduced with such high buy/sell costs, it will be a dead product.


there is still a problem.... so when i sell at 19.33cts does it mean it will not attract the standard commission and by the way at 18.90cts iam still charged the commission. so then if this is the case then the buying price SHOULD HAVE BEEN 18.90CTS. I strongly believe i have been short changed here.

I have not seen such price changes in my portfolio ever since
Watch and Listen and Live
bartum
#8 Posted : Friday, February 24, 2017 3:54:35 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
ARAP CHARLES wrote:
hisah wrote:
ARAP CHARLES wrote:
watesh wrote:
ARAP CHARLES wrote:
I bought a few Safaricom shares last year at 18.90cts at once after all the charges have been settled. When I checked on the last weeks of January 2017 the price was 19.33cts, then i thought it will recorrect itself after a while since I thought may be it is system error. To DATE the average price is still 19.33cts. my question is could there be someone who has hacked my account and reviewed the average price or there are some new charges that i dont know. WASUA PLEASE HELP I FIND THIS SERIOUS!!

Did you buy them though an online platform or was someone else doing the buying for you at the v stock broker's office?


I bought them online last year JULY 21st. My purchases range between 18.90cts and 19.10cts

The system is capturing your buying price plus commission paid. This is a nice thing since it shows your absolute cost. To break even you need to sell at 19.33 plus sale commission (1.8% or 2.1% depending on the sale size). Most people forget to factor in these buy and sell costs. If day trading is introduced with such high buy/sell costs, it will be a dead product.


there is still a problem.... so when i sell at 19.33cts does it mean it will not attract the standard commission and by the way at 18.90cts iam still charged the commission. so then if this is the case then the buying price SHOULD HAVE BEEN 18.90CTS. I strongly believe i have been short changed here.

I have not seen such price changes in my portfolio ever since

@arap charles which is your broker
ARAP CHARLES
#9 Posted : Friday, February 24, 2017 4:28:28 PM
Rank: Member

Joined: 5/30/2016
Posts: 217
Location: Talai
bartum wrote:
ARAP CHARLES wrote:
hisah wrote:
ARAP CHARLES wrote:
watesh wrote:
ARAP CHARLES wrote:
I bought a few Safaricom shares last year at 18.90cts at once after all the charges have been settled. When I checked on the last weeks of January 2017 the price was 19.33cts, then i thought it will recorrect itself after a while since I thought may be it is system error. To DATE the average price is still 19.33cts. my question is could there be someone who has hacked my account and reviewed the average price or there are some new charges that i dont know. WASUA PLEASE HELP I FIND THIS SERIOUS!!

Did you buy them though an online platform or was someone else doing the buying for you at the v stock broker's office?


I bought them online last year JULY 21st. My purchases range between 18.90cts and 19.10cts

The system is capturing your buying price plus commission paid. This is a nice thing since it shows your absolute cost. To break even you need to sell at 19.33 plus sale commission (1.8% or 2.1% depending on the sale size). Most people forget to factor in these buy and sell costs. If day trading is introduced with such high buy/sell costs, it will be a dead product.


there is still a problem.... so when i sell at 19.33cts does it mean it will not attract the standard commission and by the way at 18.90cts iam still charged the commission. so then if this is the case then the buying price SHOULD HAVE BEEN 18.90CTS. I strongly believe i have been short changed here.

I have not seen such price changes in my portfolio ever since

@arap charles which is your broker


I am still collecting factual information about this. let them give me the truth before wazuans wasua out vividly.
Watch and Listen and Live
ARAP CHARLES
#10 Posted : Friday, February 24, 2017 4:37:56 PM
Rank: Member

Joined: 5/30/2016
Posts: 217
Location: Talai
Gatheuzi wrote:
ARAP CHARLES wrote:
I bought a few Safaricom shares last year at 18.90cts at once after all the charges have been settled. When I checked on the last weeks of January 2017 the price was 19.33cts, then i thought it will recorrect itself after a while since I thought may be it is system error. To DATE the average price is still 19.33cts. my question is could there be someone who has hacked my account and reviewed the average price or there are some new charges that i dont know. WASUA PLEASE HELP I FIND THIS SERIOUS!!

Difference is 2.28% so it must be the commissions. Please rest easy bro. No hacking there.Laughing out loudly Laughing out loudly Laughing out loudly


Gatheuzi,
if you bought 100 BBK shares at 18.00cts then bought the rest at 17.00, 16.00, 13.00, 12.00 then 11.00, 9.00, 8.00, 7.00cts (100SHARES@) then assuming last year the average YOU SAW WAS 12.80cts then how comes this YEAR 2017 THE AVERAGE GOES UP TO 14.48CTS..
Watch and Listen and Live
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