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How do I abandon a given order for sale/purchase of shares?
Answer:

A sales order, in other words, purchasing shares may be cancelled in writing, most often this takes place in the broker's office who has taken your order. In this case, the broker will return to you a certificate of ownership that was collected at the time of given sell order. However, there are specific boundaries in abandoning an order:

For sell orders:

If on the Stock Exchange there is scheduled trading of issuer shares whose shares you would like to sell through "minimum price"method, then this order needs to be canceled no later than 17 days before scheduled trading. The reason being, the broker you have given the order to, has by this time formed an exact amount of shares that will be offered for sale at a specific price and placed an ad in the paper to attract potential buyers. The broker is required to place the ad no later than 15 days before scheduled trading, and he will not allow you to cancel your order in this timeframe (and two days are needed for the newspapers to print the ad).
If there is scheduled trading on the Stock Exchange through "single auction"method, the order can be canceled no later than one day before scheduled trading.
For purchase orders:
If there is, scheduled trading on the Stock exchange through "minimum price"method, then it is required that you make a deposit into a dedicated account, so that you can participate in trading. The order can be canceled up to the very moment of deposit into the account, without suffering any consequences.
If there is scheduled trading on the Stock exchange through "single auction price"method, then the order, at the latest can be cancelled one day before actual scheduled trading.
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