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What does a pending buy indicate in you cdsc account?
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sorovi
#1 Posted : Monday, July 05, 2010 3:14:21 PM
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Joined: 8/3/2007
Posts: 146
I bought some share last month... From my brokers side the statement indicates that the transaction was successful and the amount was deducted... but after checking the online cdsc statement... its indicated as a "pending buy"... any one with any infor on this?
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mukiha
#2 Posted : Monday, July 05, 2010 3:23:48 PM
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Joined: 6/27/2008
Posts: 4,114
Look up T+4 [or is it +5?]
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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sorovi
#3 Posted : Monday, July 05, 2010 3:34:39 PM
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the transaction was done in 28th may.. thats over a month.. plus i bought 2 counters one was successful and the other is still pending.. thats the problem...
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mukiha
#4 Posted : Monday, July 05, 2010 4:56:43 PM
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Then ask your broker what that means
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Bangkok
#5 Posted : Monday, July 05, 2010 4:57:41 PM
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Joined: 4/6/2007
Posts: 31
@sorovi
I seem to have similar problem. Sold some share around the same time in May, but shows as pending. I also bought some share in June, but the information is only partially updated. Yet the statement from my broker is up to date as far as the of transactions is concerned.
So how timely,accurate and reliable,the CDSC online data?
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Jaguar
#6 Posted : Tuesday, July 06, 2010 12:10:27 AM
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Joined: 6/7/2007
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Location: humu humu
do not waste your time with the online cdsc facility if you trade frequently e.g once per month. Ask your broker to send you a pdf statement. The cdsc website is grossly inaccurate
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VituVingiSana
#7 Posted : Tuesday, July 06, 2010 3:57:44 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,134
Location: Nairobi
Jaguar wrote:
do not waste your time with the online cdsc facility if you trade frequently e.g once per month. Ask your broker to send you a pdf statement. The cdsc website is grossly inaccurate

Once/month is frequent? LOLest...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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MaichBlack
#8 Posted : Tuesday, July 06, 2010 12:49:15 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,467
@Sarovi - The cdsc website is rarely updated. I had a similar issue which I even posted here some time back [Click on this Link: About the CDSC website]. I followed up with them and realized the problem was that their website and webmaster are bure kabisa.

You can rely on your broker but if your broker is a crook then you are fried. He will simply send you fake statements. That is why CDSC needs to get their act together!

VituVingiSana wrote:

Once/month is frequent? LOLest...


I suppose it depends on your trading patterns. There are guys who make an average of two "big" trades a month. For such guys once a month is frequent. Then there are day traders who can't even remember all the plays they've made in a month accurately...
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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youcan'tstopusnow
#9 Posted : Tuesday, July 06, 2010 12:52:43 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
The CDSC website is usually a month late
GOD BLESS YOUR LIFE
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sorovi
#10 Posted : Tuesday, July 06, 2010 1:28:01 PM
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Joined: 8/3/2007
Posts: 146
Ok thanks... will monitor and see
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winston
#11 Posted : Tuesday, July 06, 2010 3:58:40 PM
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Joined: 4/14/2010
Posts: 806
Location: Nairobi
You can countercheck your trades and portfolio balances through their sms service (2372)
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Chaka
#12 Posted : Tuesday, July 06, 2010 6:24:05 PM
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Joined: 2/16/2007
Posts: 2,114
@Winston,
Whats the SMS format?
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