Buying shares
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Simcountry is an Online Digital World where you are the President of a country. |
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Buying shares
Buying shares can be done at market price or by specifying a limit. Buying at market price means that the shares will be bought at the best price possible. The price is generally the market price but it may be increased by ongoing buy transactions and end up a little higher. It may be lower if many sell orders where entered just before the transaction. There is no maximum price guarantee but the trading function never allows for prices to increase by more than 5% per game month.
If there are no sellers of these shares, the purchase request will remain outstanding. Share buy orders are retracted automatically if the shares are not purchased within 4 game months.
The buyer can also specify a bid price. This means that the shares will not be bought above that specified price. They will be bought against the best price available but never above the bid limit. The bid may remain outstanding for up to four game months and will be retracted automatically if no shares become available.
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