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Strategies & Market Trends : Picks of the quarter
ATHR 5.530-9.5%Nov 21 9:30 AM EST

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To: Elroy who wrote (7860)7/23/2009 1:34:37 AM
From: Sr K  Read Replies (2) of 20435
 
I don't think we should allow orders to be placed 7 days ahead of the transaction date.

Try this:

Here
Message 25771935
he had 3 long positions:

Patrick Slevin
Stock Price Shares Value Cost … Change
PQ $2.85 8.125 $23.16 $4.73 -40%
SGY $6.18 2.987 $18.46 $7.67 -19%
PAL $2.16 14.447 $31.21 $2.66 -19%
Patrick Slevin Total = $72.82

Here
Message 25773197
he sold 2 of them ("Sell SGY and PQ")

[so he held PAL and Cash]

The closing prices 7/10 were here
Message 25774838

Patrick Slevin
Stock Price Shares Value Cost … Change
PQ $2.85 8.125 $23.16 $4.73 -40%
SGY $6.70 2.987 $20.01 $7.67 -13%
PAL $2.14 14.447 $30.92 $2.66 -20%
Patrick Slevin Total = $74.09

Here
Message 25774480
after the close on Friday 7/10, he placed an order for the next Friday, 7/17/2009 ("Next Friday, Please use my Cash to Buy EP and PQ. 50% of cash in each.")

Here
Message 25785974
he reminded you.

Here
Message 25804646

Slevin told you what the sale prices were.

("I sold SGY on 7/10 for 6.70

PQ was sold for 2.78")

That price for PQ was wrong. I propose either the $2 penalty according to the rules, or give him the $2.78 he said he sold it for.

The purchase prices for 7/17 were

EP 9.41
PQ 3.23
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