i've never done or tried this before, so i just thought for the hell of it, i thought i'd try to place an order with comsec for an unmarketable parcel, i tried to place an order for ONE share at 9.5 cents, and then 5000 shares at 9.5 cents(value $475) and failed on both occasions. The following message came up...
Your order cannot be accepted due to the following reason. Click on the following heading for more information.
Minimum purchase required by CommSec.
Review Internet Trading Rules
So why should anyone else be able to do it ? If it's good enough for comsec to ban (and i daresay they have 10's of thousands of clients) then ASIC should put a stop to it immediately.
PIH Price at posting:
$4.00 Sentiment: None Disclosure: Not Held
