Hoodless and Brennan Mistake

[RichVanDam]

I had to sell my FML holding yestaday over the phone as i was unable to trade them online.
Usually when you sell them over the phone the shares get suspended on your online account. After checking the account later on that day i could still sell the shares. So rather than take the risk i sold them.....again it seems.
As a result i had double the earnings in my account so i immediately bought shares in Barclays. Today i log on and i have - shares for FML so i send them a e-mail. They are now demanding i purchase the shares.
Does anyone have any idea if i have a leg to stand on?

I bought BARC at 281 so i've lost 3% already on it thanks to the shifting SP btw.

Any advice would be aprpeciated.
Thanks

 

[foredog]

If you gave the order over the phone to sell and then didn't cancel it before selling onine then you have placed two sell orders and have sold twice....sorry but you've got to buy them back.

 

[ns1000]

Foredog is spot on. You gace two orders to sell. They have a duty to act on any orders you give them. Putting it bluntly, you admit to seeing double earnings in your account, so spending it on Barclays. I don't see why you shouldn't be liable for this too. All you had to do was pick up the phone and check your positions with the broker, but instead you put a new order through and tried to profit from money you knew was not yours.

 

[Technically Fundamental]

If there was enough money in your account to cover all of the transactions then why would you have a leg to stand on?

 

[RichVanDam]

i truely am an idiot. The whole escapde cost me £380! I had to buy the shares back at premium to balance the books

 

[gooseman]

:whistling £380?!

 

[Technically Fundamental]

:whistling £380?!

oooooh got money have we.

 

[gooseman]

i'm as prudent as the next man but kicking up a stink about GBP 380 doesn't make sense to me.

 

[Technically Fundamental]

i'm as prudent as the next man but kicking up a stink about GBP 380 doesn't make sense to me.

THen give me 380 quid and dont bother kicking up a stink.

 

[GammaJammer]

Touche - Goose - he had you on toast there mate.

 

[gooseman]

if you can give me a reason for giving you £380 then let me know

 

[Technically Fundamental]

if you can give me a reason for giving you £380 then let me know

To add to my equity.

 

[gooseman]

rubbish. as my teacher used to say-must do better.

and what %age of your eqty would 380 be? would need that. don't want to double your portfolio.

 

[Technically Fundamental]

rubbish. as my teacher used to say-must do better.

and what %age of your eqty would 380 be? would need that. don't want to double your portfolio.

You can sleep in the knowledge that you have had a hand in helping your fellow man. Now hurry up and double me. What are your bank details?

 

[gooseman]

don't care about fellow man. unless he wants to hit my bid

 

[Technically Fundamental]

don't care about fellow man. unless he wants to hit my bid

True capitalist

 

[gooseman]

free market economics. 100% product of her majesty lady thatcher.

 

[RichVanDam]

i had to rebuy the shares at 7.5p after selling at 6.75p - i had orignially 31335 shares so you can do the maths - i had a huge profit on FML anyway so its just eaten into the profit signifcantly.
Sorry if you dont think £380 is a large amount for me it is!
Any advice on playing stupid over this can getting my money back? or is it a done deal?

 

[Technically Fundamental]

free market economics. 100% product of her majesty lady thatcher.

Nazi

 

[gooseman]

i'm not saying it is a big/small amount-my point is that is it worth souring a relationship (assuming you have one) with the broker over that much?