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Topic: . - page 16. (Read 67411 times)

donator
Activity: 3024
Merit: 1105
June 02, 2012, 08:06:16 PM
I'm not sure if I cancelled a buy order that I had outstanding for 100 shares of PPT-C @ 1.18 or not, if I missed doing that what happens to any orders after the sell back, are they just cancelled & the reserved funds made available in one's account again?
They are suppose to be cancelled and the funds returned. There was a bug where the funds weren't returned to your available amount but still make up part of your total balance. Im not sure if this bug was fixed, check it by hand. Add the funds you have out in buy orders and your current available amount and see if it matches your total balance. If it doesn't you'll need to PM nefario.

Many thanks REF, just what I needed to know, will do tomorrow.  Smiley

Edit:

I have a balance of 551.48 BTC
I have outstanding buy orders of 404.09 BTC
This should leave 147.39 BTC Available
But actual amount available is 26.78 BTC
So missing is 120.61 BTC which is close to the 100 shares @ 1.18 I may have had a buy order on = 118 BTC
If this is correct then it really needs to be fixed ASAP

I'll PM nefario tomorrow, unless it's solved here before & on my account, thanks again REF!

Edit 2: emailed GLBSE support
REF
hero member
Activity: 529
Merit: 500
June 02, 2012, 07:49:12 PM
I'm not sure if I cancelled a buy order that I had outstanding for 100 shares of PPT-C @ 1.18 or not, if I missed doing that what happens to any orders after the sell back, are they just cancelled & the reserved funds made available in one's account again?
They are suppose to be cancelled and the funds returned. There was a bug where the funds weren't returned to your available amount but still make up part of your total balance. Im not sure if this bug was fixed, check it by hand. Add the funds you have out in buy orders and your current available amount and see if it matches your total balance. If it doesn't you'll need to PM nefario.
hero member
Activity: 532
Merit: 500
June 02, 2012, 06:20:00 PM


I don't understand, why is someone manually selling these?  It should be automated.

Simple, it's not automated.

(as for fat-fingers, look up the Tokyo stock exchange example http://en.wikipedia.org/wiki/Mizuho_Securities#Massive_sale_order_of_J-COM_share_incident)

so set one up.

1.  Synchronize clock with the GLBSE server and subtract that value from the auction's start.
2.  Check to see if it is time to sell, if not go back to 1.
3.  Log into GLBSE through the API.
4.  Verify that the number of bonds is available in the portfolio to sell.
5.  Sell the bonds.
6.  Evaluate results.
7.  Notify whoever of the completed sale.
hero member
Activity: 518
Merit: 500
June 02, 2012, 06:00:01 PM


I don't understand, why is someone manually selling these?  It should be automated.

Simple, it's not automated.

(as for fat-fingers, look up the Tokyo stock exchange example http://en.wikipedia.org/wiki/Mizuho_Securities#Massive_sale_order_of_J-COM_share_incident)
full member
Activity: 184
Merit: 100
Feel the coffee, be the coffee.
June 02, 2012, 04:51:26 PM
Code:
Maximum Bid      1.30000000
Minimum Yield   -1.54%

So someone bought at 1.30 for a negative yield?  Huh
Thats why I am keeping losing my bids.

Someone must have typoed 1.03. Happens in the real stock market all the time Tongue

It's especially funny when it involves billions of dollars.

http://online.wsj.com/article/SB10001424052702304050304577375793060296590.html
full member
Activity: 139
Merit: 100
June 02, 2012, 01:00:16 PM
Code:
Maximum Bid      1.30000000
Minimum Yield   -1.54%

So someone bought at 1.30 for a negative yield?  Huh
Thats why I am keeping losing my bids.

Someone must have typoed 1.03. Happens in the real stock market all the time Tongue
donator
Activity: 3024
Merit: 1105
June 02, 2012, 07:44:57 AM
I'm not sure if I cancelled a buy order that I had outstanding for 100 shares of PPT-C @ 1.18 or not, if I missed doing that what happens to any orders after the sell back, are they just cancelled & the reserved funds made available in one's account again?
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
June 02, 2012, 04:20:45 AM
Code:
Maximum Bid      1.30000000
Minimum Yield   -1.54%

So someone bought at 1.30 for a negative yield?  Huh
Thats why I am keeping losing my bids.
hero member
Activity: 532
Merit: 500
June 02, 2012, 04:09:03 AM
Statistics for the PPT.B sale:

Code:
Minimum Bid      1.03800000
Maximum Bid      1.30000000
Average Bid      1.06624577
Maximum Yield   23.31%
Minimum Yield   -1.54%
Average Yield   20.05%

Again, sorry for jumping the gun on selling the bonds.  If you missed out please come back next week.  I am sure Patrick can get it done closer to the correct time.

I don't understand, why is someone manually selling these?  It should be automated.
hero member
Activity: 532
Merit: 500
June 01, 2012, 11:53:38 PM
I am surprised that GLBSE doesn't have the ability to sell from the assets with the API yet.  One way to get around that is to move the assets to a single user and then have a program to sell at the desired time.

Looking at the API, it is possible to just do it from the asset.  Just set up API access for that asset.
hero member
Activity: 518
Merit: 500
June 01, 2012, 11:39:02 PM

Ok, I'm up for the bullet next week.  While "on time" is best, would you prefer early or late?

Right on time, but better late then early IMO. If the bus is late you wait a couple minutes, if the bus is early you just have to swear and start walking. Wink

I feel bad for the dude @ 1.3. Yeah it's his fault, but that cost him a good 60BTC.

I agree - missing the bus (especially when cold, wet and raining) is a reason to swear.  Most of the time when I have to catch one, they are only 15 minutes apart, but sometimes they don't turn up at all.

I have my computer sync'd to some internet time thing, but I'll also check the GLBSE clock as sometimes it seems to diverge.  Smiley
legendary
Activity: 1050
Merit: 1000
June 01, 2012, 11:09:52 PM
1.3 dude didn't lose 60 BTC, if he holds on to it till buy back, he will be short .02 btc * 250 which equals to 5 BTC. still a loss nonetheless
Sure he did. He could have bought at 1.06, and that would have been 60BTC. Even if he would have missed out on this sale with his actual bid of 1.03 (assuming that's what it was), he could have bought one of the other PPT bonds and made more.

With your math, he's only lost 5BTC, but he's also lost the use of his 250BTC for a month.

right, he surely lost on potential earnings, but only 5 BTC of his actual investment

he probably was going to bid 1.03 and at that he would have been outbid anyway. now he has to wait a month to untie the funds without greater losses
legendary
Activity: 1050
Merit: 1000
June 01, 2012, 11:06:21 PM
the 1.3 dude didn't lose 60 BTC, if he holds on to it till buy back he'll be short .02 BTC * 250 which equals to 5 BTC. still a loss nonetheless
legendary
Activity: 1274
Merit: 1004
June 01, 2012, 11:06:15 PM
1.3 dude didn't lose 60 BTC, if he holds on to it till buy back, he will be short .02 btc * 250 which equals to 5 BTC. still a loss nonetheless
Sure he did. He could have bought at 1.06, and that would have been 60BTC. Even if he would have missed out on this sale with his actual bid of 1.03 (assuming that's what it was), he could have bought one of the other PPT bonds and made more.

With your math, he's only lost 5BTC, but he's also lost the use of his 250BTC for a month.
hero member
Activity: 518
Merit: 500
June 01, 2012, 10:48:29 PM
CRAP, you are right, I was early.  That sucks.

I have one thing to do - just one simple thing - and I screwed it up.

I am so sorry.  I am fired.  Next week Patrick will press the button.

Congratulations to everyone who had their bids in.  Crap - will one of these things go smoothly, just once.

Ok, I'm up for the bullet next week.  While "on time" is best, would you prefer early or late?

Right on time, but better late then early IMO. If the bus is late you wait a couple minutes, if the bus is early you just have to swear and start walking. Wink

I feel bad for the dude @ 1.3. Yeah it's his fault, but that cost him a good 60BTC.
I'm glad I didn't short PPT.DIV now! :-)
legendary
Activity: 1274
Merit: 1004
June 01, 2012, 10:42:02 PM
CRAP, you are right, I was early.  That sucks.

I have one thing to do - just one simple thing - and I screwed it up.

I am so sorry.  I am fired.  Next week Patrick will press the button.

Congratulations to everyone who had their bids in.  Crap - will one of these things go smoothly, just once.

Ok, I'm up for the bullet next week.  While "on time" is best, would you prefer early or late?

Right on time, but better late then early IMO. If the bus is late you wait a couple minutes, if the bus is early you just have to swear and start walking. Wink

I feel bad for the dude @ 1.3. Yeah it's his fault, but that cost him a good 60BTC.
hero member
Activity: 518
Merit: 500
June 01, 2012, 10:34:38 PM
CRAP, you are right, I was early.  That sucks.

I have one thing to do - just one simple thing - and I screwed it up.

I am so sorry.  I am fired.  Next week Patrick will press the button.

Congratulations to everyone who had their bids in.  Crap - will one of these things go smoothly, just once.

Ok, I'm up for the bullet next week.  While "on time" is best, would you prefer early or late?
legendary
Activity: 1274
Merit: 1004
June 01, 2012, 10:06:08 PM
legendary
Activity: 1274
Merit: 1004
June 01, 2012, 10:02:13 PM
You guys bought the bids early.
legendary
Activity: 1050
Merit: 1000
June 01, 2012, 09:00:13 PM
total bids almost up to 5500 bonds, maybe you guys could accidentally sell 6000 again this time too?  Lips sealed
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